Provident Investment Management Inc. Lowers Position in Take-Two Interactive Software, Inc. $TTWO

Provident Investment Management Inc. lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 162,295 shares of the company’s stock after selling 6,661 shares during the period. Take-Two Interactive Software accounts for about 3.8% of Provident Investment Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Provident Investment Management Inc.’s holdings in Take-Two Interactive Software were worth $41,552,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTWO. LBP AM SA increased its stake in shares of Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after purchasing an additional 48,384 shares in the last quarter. AGF Management Ltd. lifted its stake in shares of Take-Two Interactive Software by 33.1% during the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after buying an additional 18,119 shares in the last quarter. Compass Wealth Management LLC bought a new position in Take-Two Interactive Software in the 3rd quarter worth $3,419,000. M&G PLC bought a new position in Take-Two Interactive Software in the 3rd quarter worth $12,465,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Take-Two Interactive Software by 24.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,950 shares of the company’s stock worth $150,021,000 after buying an additional 114,403 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.5%

NASDAQ TTWO opened at $221.47 on Tuesday. The stock has a 50 day moving average price of $207.85 and a 200-day moving average price of $226.84. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. 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 company has a market capitalization of $41.01 billion, a P/E ratio of -9.90, a P/E/G ratio of 3.29 and a beta of 0.97.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 7,946 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the completion of the transaction, the chief executive officer owned 170,756 shares in the company, valued at $36,569,104.96. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,292 shares of company stock valued at $13,978,938 over the last quarter. 1.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TTWO. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Wells Fargo & Company decreased their target price on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Morgan Stanley boosted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned 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, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $284.31.

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.