Korea Investment CORP Reduces Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Korea Investment CORP cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 40.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,205 shares of the company’s stock after selling 63,711 shares during the period. Korea Investment CORP owned approximately 0.05% of Take-Two Interactive Software worth $24,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TTWO. Blair William & Co. IL grew its stake in shares of Take-Two Interactive Software by 7.1% in the 3rd quarter. Blair William & Co. IL now owns 35,422 shares of the company’s stock valued at $9,151,000 after buying an additional 2,362 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Take-Two Interactive Software by 0.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 62,290 shares of the company’s stock valued at $16,093,000 after buying an additional 283 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Take-Two Interactive Software by 11.2% in the third quarter. Aptus Capital Advisors LLC now owns 961 shares of the company’s stock valued at $248,000 after acquiring an additional 97 shares during the last quarter. Amova Asset Management Americas Inc. lifted its holdings in Take-Two Interactive Software by 5.2% in the third quarter. Amova Asset Management Americas Inc. now owns 7,745 shares of the company’s stock valued at $2,001,000 after acquiring an additional 383 shares during the last quarter. Finally, IFG Advisory LLC grew its position in Take-Two Interactive Software by 17.0% in the third quarter. IFG Advisory LLC now owns 1,099 shares of the company’s stock worth $284,000 after acquiring an additional 160 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research report on Tuesday, February 10th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $284.44.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the sale, the director owned 21,525 shares in the company, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 7,946 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer directly owned 170,756 shares in the company, valued at approximately $36,569,104.96. The trade was a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 64,880 shares of company stock valued at $13,908,337. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 2.6%

Shares of NASDAQ TTWO opened at $209.08 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $224.05 and its two-hundred day moving average is $239.44. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79. The firm has a market cap of $38.72 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 8.79 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.