Take-Two Interactive Software, Inc. $TTWO Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 95.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,459 shares of the company’s stock after selling 167,612 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Take-Two Interactive Software were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Donoghue Forlines LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $2,385,000. Bessemer Group Inc. raised its position in shares of Take-Two Interactive Software by 53.1% during the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Take-Two Interactive Software by 43.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 9,606 shares of the company’s stock worth $2,460,000 after purchasing an additional 2,925 shares during the period. Conning Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $224,000. Finally, Pinnacle Associates Ltd. raised its position in shares of Take-Two Interactive Software by 1.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 10,972 shares of the company’s stock worth $2,809,000 after purchasing an additional 200 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $218.46 on Thursday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The firm has a market capitalization of $40.45 billion, a price-to-earnings ratio of -134.85, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97. The business has a 50 day simple moving average of $212.74 and a 200 day simple moving average of $225.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.14.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a report on Tuesday, February 10th. Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Finally, UBS Group increased their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $287.53.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,390 shares of the 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 approximately $4,586,762.25. This trade represents a 6.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 810 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the transaction, the insider directly owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 63,026 shares of company stock valued at $13,503,428. Company insiders own 1.34% of the company’s stock.

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.