Dimensional Fund Advisors LP Decreases Stake in Take-Two Interactive Software, Inc. $TTWO

Dimensional Fund Advisors LP lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,934 shares of the company’s stock after selling 71,738 shares during the period. Dimensional Fund Advisors LP owned 0.31% of Take-Two Interactive Software worth $148,549,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth about $29,000. Meeder Asset Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 2.6%

NASDAQ:TTWO opened at $209.08 on Wednesday. The stock has a fifty day moving average price of $224.05 and a two-hundred day moving average price of $239.44. The stock has a market capitalization of $38.72 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 8.79 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79.

Wall Street Analyst Weigh In

Several research firms recently commented on TTWO. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research note on Tuesday, February 10th. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. One 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 issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $284.44.

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 dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 7,946 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the completion of the transaction, the chief executive officer directly owned 170,756 shares of the company’s stock, valued at $36,569,104.96. The trade was a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is owned by company 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.