Artisan Partners Limited Partnership Sells 177,060 Shares of Take-Two Interactive Software, Inc. $TTWO

Artisan Partners Limited Partnership lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 44.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,085 shares of the company’s stock after selling 177,060 shares during the period. Artisan Partners Limited Partnership owned 0.12% of Take-Two Interactive Software worth $56,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $26,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software in the third quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC bought a new position in Take-Two Interactive Software during the second quarter worth about $27,000. Meeder Asset Management Inc. raised its stake in Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. Finally, NewSquare Capital LLC boosted its holdings in Take-Two Interactive Software by 55.3% in the 2nd quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock valued at $35,000 after purchasing an additional 52 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $211.48 on Friday. 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 52 week low of $188.56 and a 52 week high of $264.79. The stock has a market capitalization of $39.16 billion, a P/E ratio of -9.45, a price-to-earnings-growth ratio of 8.74 and a beta of 0.92. The stock has a fifty day moving average of $229.58 and a 200-day moving average of $240.18.

Insider Transactions at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the sale, the director owned 65,626 shares in the company, valued at $12,779,350.98. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 982 shares of company stock valued at $214,412 in the last three months. Company insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Morgan Stanley upped their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. B. Riley Financial initiated coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.94.

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.