Exchange Traded Concepts LLC Trims Holdings in Take-Two Interactive Software, Inc. $TTWO

Exchange Traded Concepts LLC decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,271 shares of the company’s stock after selling 6,799 shares during the period. Exchange Traded Concepts LLC’s holdings in Take-Two Interactive Software were worth $8,774,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Pallas Capital Advisors LLC purchased a new position in Take-Two Interactive Software during the 4th quarter valued at about $238,000. Mather Group LLC. lifted its holdings in shares of Take-Two Interactive Software by 11.3% in the fourth quarter. Mather Group LLC. now owns 1,652 shares of the company’s stock worth $423,000 after buying an additional 168 shares in the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of Take-Two Interactive Software by 6.0% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,316 shares of the company’s stock valued at $337,000 after acquiring an additional 75 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of Take-Two Interactive Software by 2.5% in the fourth quarter. Sax Wealth Advisors LLC now owns 4,795 shares of the company’s stock valued at $1,228,000 after acquiring an additional 119 shares during the period. Finally, Czech National Bank grew its stake in Take-Two Interactive Software by 4.0% during the fourth quarter. Czech National Bank now owns 45,800 shares of the company’s stock valued at $11,726,000 after acquiring an additional 1,760 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. The trade was a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Dornemann sold 1,390 shares of the company’s 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 owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 65,293 shares of company stock worth $13,994,803. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $189.69 on Monday. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The company has a market capitalization of $35.13 billion, a P/E ratio of -8.48, a P/E/G ratio of 7.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day simple moving average is $211.21 and its 200 day simple moving average is $236.08.

Analyst Ratings Changes

Several research firms have issued reports on TTWO. 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. DA Davidson restated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.44.

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.