Van ECK Associates Corp Sells 86,412 Shares of Take-Two Interactive Software, Inc. $TTWO

Van ECK Associates Corp reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 26.8% during the third quarter, HoldingsChannel reports. The firm owned 235,587 shares of the company’s stock after selling 86,412 shares during the period. Van ECK Associates Corp’s holdings in Take-Two Interactive Software were worth $60,866,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TTWO. Claret Asset Management Corp lifted its holdings in Take-Two Interactive Software by 4.6% in the third quarter. Claret Asset Management Corp now owns 6,089 shares of the company’s stock valued at $1,573,000 after buying an additional 265 shares during the period. Bank of Montreal Can raised its position in shares of Take-Two Interactive Software by 13.6% in the 3rd quarter. Bank of Montreal Can now owns 265,274 shares of the company’s stock worth $68,536,000 after acquiring an additional 31,660 shares in the last quarter. Legal & General Group Plc raised its position in shares of Take-Two Interactive Software by 5.2% in the 3rd quarter. Legal & General Group Plc now owns 962,979 shares of the company’s stock worth $248,795,000 after acquiring an additional 47,181 shares in the last quarter. Fieldview Capital Management LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $3,748,000. Finally, WINTON GROUP Ltd lifted its stake in shares of Take-Two Interactive Software by 664.1% in the 3rd quarter. WINTON GROUP Ltd now owns 22,542 shares of the company’s stock valued at $5,824,000 after purchasing an additional 19,592 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTWO shares. B. Riley Financial assumed coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price for the company. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective on the stock in a research report on Tuesday, February 10th. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Finally, UBS Group boosted their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $209.08 on Wednesday. The company has a market cap of $38.72 billion, a P/E ratio of -9.34, a PEG ratio of 8.79 and a beta of 0.94. The company has a fifty day simple moving average of $224.05 and a 200 day simple moving average of $239.44. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79.

Insider Activity

In other news, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the sale, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is currently owned by insiders.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.