Rathbones Group PLC Increases Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Rathbones Group PLC boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 21.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,349 shares of the company’s stock after acquiring an additional 3,087 shares during the quarter. Rathbones Group PLC’s holdings in Take-Two Interactive Software were worth $3,426,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $425,000. Empowered Funds LLC lifted its stake in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Take-Two Interactive Software in the 2nd quarter worth about $2,747,000. Finally, Jump Financial LLC increased its stake in Take-Two Interactive Software by 105.3% during the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after buying an additional 3,650 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 2.0%

Shares of NASDAQ TTWO opened at $240.22 on Wednesday. The company has a 50 day simple moving average of $235.27 and a 200-day simple moving average of $221.44. The company has a market capitalization of $44.92 billion, a P/E ratio of -148.28, a P/E/G ratio of 4.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Bank of America lifted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Finally, BTIG Research reissued a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Buy” and a consensus target price of $294.44.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 208,969 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 in the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

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.