Landscape Capital Management L.L.C. Raises Position in Take-Two Interactive Software, Inc. $TTWO

Landscape Capital Management L.L.C. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 46.2% during the fourth quarter, HoldingsChannel reports. The firm owned 23,749 shares of the company’s stock after purchasing an additional 7,503 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Take-Two Interactive Software were worth $6,080,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $181,000. Dockside LLC purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $2,596,000. Element Wealth LLC purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $329,000. Barclays PLC raised its position in shares of Take-Two Interactive Software by 10.5% in the 4th quarter. Barclays PLC now owns 974,584 shares of the company’s stock worth $249,523,000 after buying an additional 92,716 shares during the period. Finally, Adams Diversified Equity Fund Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $13,621,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Down 0.2%

Shares of NASDAQ TTWO opened at $211.75 on Friday. The stock has a fifty day moving average price of $217.25 and a 200 day moving average price of $223.39. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $39.32 billion, a P/E ratio of -130.71, a P/E/G ratio of 4.19 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Wells Fargo & Company cut their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.06.

Insider Activity at Take-Two Interactive Software

In other news, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the sale, the president directly owned 40,358 shares in the company, valued at $8,720,960.22. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 560,588 shares of company stock valued at $126,322,522. 1.34% of the stock is currently owned by insiders.

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.