Bank of Nova Scotia Sells 2,473 Shares of Take-Two Interactive Software, Inc. $TTWO

Bank of Nova Scotia cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,007 shares of the company’s stock after selling 2,473 shares during the quarter. Bank of Nova Scotia’s holdings in Take-Two Interactive Software were worth $4,939,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. MCF Advisors LLC bought a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at $28,000. MV Capital Management Inc. bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $34,000. Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $34,000. Finally, Reflection Asset Management purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TTWO shares. Bank of America boosted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. BTIG Research reiterated a “buy” rating and issued a $293.00 price target on shares of Take-Two Interactive Software in a research report on Monday. Finally, Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.44.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $243.95 on Tuesday. The firm has a market cap of $45.29 billion, a price-to-earnings ratio of -150.59, a P/E/G ratio of 4.44 and a beta of 0.96. The firm has a fifty day moving average price of $233.65 and a 200 day moving average price of $221.66. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Insider Activity

In other news, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the transaction, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 569,936 shares of company stock worth $128,431,438 in the last 90 days. 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.