Militia Capital Management LLC Purchases New Shares in Take-Two Interactive Software, Inc. $TTWO

Militia Capital Management LLC purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 6,030 shares of the company’s stock, valued at approximately $1,191,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after buying an additional 166,661 shares during the last quarter. State Street Corp grew its holdings in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after acquiring an additional 60,893 shares in the last quarter. Invesco Ltd. increased its position in shares of Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after acquiring an additional 16,758 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $242.92 on Monday. The firm’s 50 day simple moving average is $234.53 and its 200 day simple moving average is $221.49. The company has a market capitalization of $45.42 billion, a P/E ratio of -149.95, a P/E/G ratio of 4.52 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.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 569,936 shares of company stock worth $128,431,438. 1.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Bank of America lifted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Buy” and an average target price 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.