Take-Two Interactive Software, Inc. $TTWO Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,379 shares of the company’s stock after selling 3,016 shares during the period. Central Pacific Bank Trust Division’s holdings in Take-Two Interactive Software were worth $2,401,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TTWO. Private Trust Co. NA increased its position in shares of Take-Two Interactive Software by 27.1% during the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after buying an additional 39 shares during the period. Mather Group LLC. boosted its stake in Take-Two Interactive Software by 2.7% during the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 42.9% during 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 in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in Take-Two Interactive Software by 28.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after acquiring an additional 46 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on TTWO. UBS Group boosted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Morgan Stanley lifted 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 note on Tuesday, January 13th. Wells Fargo & Company dropped their target price on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Finally, Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a report on Monday, December 1st. One investment 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 stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

Insider Activity

In other news, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider owned 125,001 shares in the company, valued at $26,702,713.62. This represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. This represents a 6.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 65,293 shares of company stock valued at $13,994,803. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $200.63 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The stock’s 50-day moving average is $216.35 and its two-hundred day moving average is $237.87. 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 has a market cap of $37.15 billion, a P/E ratio of -8.96, a PEG ratio of 8.26 and a beta of 0.94.

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.