Take-Two Interactive Software, Inc. $TTWO Stock Holdings Trimmed by Totem Point Management LLC

Totem Point Management LLC trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,402 shares of the company’s stock after selling 3,549 shares during the period. Take-Two Interactive Software accounts for 10.1% of Totem Point Management LLC’s portfolio, making the stock its 5th biggest position. Totem Point Management LLC’s holdings in Take-Two Interactive Software were worth $10,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. Vanguard Group Inc. grew its stake in shares of Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after acquiring an additional 166,661 shares during the last quarter. State Street Corp grew its stake in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after acquiring an additional 390,331 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares during the last quarter. Norges Bank purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $735,389,000. Finally, Morgan Stanley grew its stake in shares of Take-Two Interactive Software by 3.3% in the fourth quarter. Morgan Stanley now owns 2,478,143 shares of the company’s stock worth $634,479,000 after acquiring an additional 79,428 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Analyst coverage has turned more bullish, with DA Davidson reiterating a buy rating and a $300 price target, while other recent notes also pointed to upside tied to the upcoming GTA VI launch. Article Title
• Positive Sentiment: Jefferies said management sees AI helping improve efficiency and mobile advertising performance, which could support margins and operating leverage ahead of the next major game cycle. Article Title
• Positive Sentiment: Take-Two is being re-rated by investors ahead of GTA VI, with commentary highlighting the large earnings potential from the launch and the possibility of additional catalysts such as trailers, marketing, and pre-orders. Article Title
• Neutral Sentiment: An insider filing showed Daniel Emerson sold 4,421 shares under a pre-arranged trading plan. That is worth noting, but the sale appears routine rather than a new negative signal. Article Title
• Negative Sentiment: There is some offsetting caution from ongoing insider selling over the past several months, which may temper enthusiasm if investors become more concerned about valuation or timing. Article Title

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the transaction, the insider directly owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 564,596 shares of company stock valued at $127,186,572 in the last 90 days. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $229.97 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The stock has a 50-day moving average price of $218.18 and a 200 day moving average price of $223.00. The stock has a market capitalization of $42.70 billion, a P/E ratio of -141.96, a P/E/G ratio of 4.27 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TTWO shares. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reissued a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. Finally, Wells Fargo & Company dropped their price objective 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Company 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.