Chartwell Investment Partners LLC Has $14.06 Million Stake in Take-Two Interactive Software, Inc. (TTWO)

Chartwell Investment Partners LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,494 shares of the company’s stock after selling 21,846 shares during the quarter. Chartwell Investment Partners LLC owned about 0.13% of Take-Two Interactive Software worth $14,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TTWO. Dupont Capital Management Corp purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at about $102,000. Smithfield Trust Co. acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $125,000. Fortaleza Asset Management Inc. acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $134,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $183,000. Finally, Conning Inc. acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $203,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

In other news, Director Michael Dornemann sold 5,500 shares of Take-Two Interactive Software stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $118.50, for a total value of $651,750.00. Following the sale, the director now owns 4,777 shares in the company, valued at $566,074.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $116.49, for a total transaction of $3,611,655.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,504 shares of company stock valued at $7,729,606. Corporate insiders own 1.55% of the company’s stock.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded down $0.42 during midday trading on Tuesday, hitting $117.40. 1,125,600 shares of the stock were exchanged, compared to its average volume of 1,888,183. The company has a market capitalization of $13,390.00, a P/E ratio of 46.02, a PEG ratio of 3.42 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 1 year low of $46.27 and a 1 year high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.

Several analysts have recently commented on TTWO shares. Benchmark Co. restated a “buy” rating and set a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. raised their price target on Take-Two Interactive Software from $112.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday. Robert W. Baird reissued a “neutral” rating and issued a $90.00 target price (up previously from $80.00) on shares of Take-Two Interactive Software in a research note on Friday, August 4th. Cowen and Company reiterated an “outperform” rating and set a $83.00 price objective (up from $79.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $100.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $111.80.

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Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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