Rathbones Group PLC Has $3.65 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Rathbones Group PLC trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 89.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,262 shares of the company’s stock after selling 123,915 shares during the quarter. Rathbones Group PLC’s holdings in Take-Two Interactive Software were worth $3,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TTWO. Western Financial Corp CA raised its stake in Take-Two Interactive Software by 2.3% during the 4th quarter. Western Financial Corp CA now owns 7,329 shares of the company’s stock valued at $1,876,000 after purchasing an additional 163 shares during the last quarter. SeaTown Holdings Pte. Ltd. acquired a new position in Take-Two Interactive Software during the 4th quarter valued at $7,374,000. Independence Bank of Kentucky raised its stake in Take-Two Interactive Software by 3.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Take-Two Interactive Software by 136.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 8,806 shares of the company’s stock valued at $2,255,000 after purchasing an additional 5,078 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after purchasing an additional 45 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 52,054 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total value of $11,160,377.60. Following the completion of the transaction, the chief executive officer owned 178,702 shares in the company, valued at approximately $38,313,708.80. This represents a 22.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This represents a 14.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,293 shares of company stock worth $13,994,803. Insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the subject of several research analyst reports. B. Riley Financial initiated coverage on shares of 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 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. UBS Group upped their target price on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. Finally, Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Take-Two Interactive Software Trading Up 0.8%

Shares of TTWO stock opened at $198.33 on Wednesday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock has a market cap of $36.73 billion, a price-to-earnings ratio of -8.86, a P/E/G ratio of 2.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $204.94 and a 200-day moving average of $233.57.

Take-Two Interactive Software Profile

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.