ProShare Advisors LLC Has $84.84 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

ProShare Advisors LLC increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 40.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 331,362 shares of the company’s stock after buying an additional 95,805 shares during the quarter. ProShare Advisors LLC’s holdings in Take-Two Interactive Software were worth $84,839,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the third quarter worth about $26,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software in the fourth quarter worth about $28,000. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software in the fourth quarter worth about $34,000. True Wealth Design LLC raised its position in Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Take-Two Interactive Software in the third quarter worth about $40,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This represents a 6.07% 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 Ellen F. Siminoff sold 413 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the sale, the director directly owned 2,000 shares in the company, valued at $415,320. This trade represents a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,724 shares of company stock valued at $13,866,155 over the last three months. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $238.14 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $44.10 billion, a price-to-earnings ratio of -10.64, a P/E/G ratio of 3.62 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The firm’s 50-day moving average price is $210.57 and its two-hundred day moving average price is $226.10.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TTWO shares. Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $287.93.

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.