SummitTX Capital L.P. Sells 11,261 Shares of Take-Two Interactive Software, Inc. $TTWO

SummitTX Capital L.P. cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 20.7% during the 1st quarter, Holdings Channel reports. The firm owned 43,165 shares of the company’s stock after selling 11,261 shares during the quarter. SummitTX Capital L.P.’s holdings in Take-Two Interactive Software were worth $8,525,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth approximately $28,000. MV Capital Management Inc. bought a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. Finally, Reflection Asset Management purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $40,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $231.65 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $43.01 billion, a PE ratio of -142.99, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96. The firm’s 50 day moving average is $233.61 and its 200 day moving average is $221.74. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the sale, the insider directly owned 113,988 shares of the company’s stock, valued at $26,217,240. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 569,936 shares of company stock valued at $128,431,438. Company insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TTWO shares. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company raised their target price on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. BTIG Research reissued a “buy” rating and issued a $293.00 price target on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $294.44.

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.