Norden Group LLC Sells 3,071 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Norden Group LLC decreased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 67.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,459 shares of the company's stock after selling 3,071 shares during the period. Norden Group LLC's holdings in Take-Two Interactive Software were worth $302,000 as of its most recent filing with the SEC.

• Take-Two Interactive: A Defensive Play Set to Explode

Several other hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Take-Two Interactive Software by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock valued at $1,110,510,000 after purchasing an additional 89,093 shares during the period. Capital International Investors raised its position in shares of Take-Two Interactive Software by 9.5% in the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares during the period. Ameriprise Financial Inc. raised its position in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after purchasing an additional 13,555 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Take-Two Interactive Software by 6.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock valued at $833,470,000 after purchasing an additional 287,194 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Take-Two Interactive Software by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 4,110,469 shares of the company's stock valued at $754,671,000 after purchasing an additional 99,279 shares during the period. Institutional investors own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the president owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the completion of the sale, the director directly owned 3,290 shares of the company's stock, valued at $782,362. This trade represents a 11.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 over the last 90 days. Company insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

• Top 3 R&D-Driven Stocks Showing Strong Profit and Momentum

Several analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a research report on Monday. They issued an "overweight" rating and a $265.00 price target on the stock. Robert W. Baird boosted their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $234.05.

View Our Latest Stock Report on TTWO

Take-Two Interactive Software Price Performance

• Take-Two Interactive’s 2024 Comeback: New Highs Expected in 2025

Shares of Take-Two Interactive Software stock opened at $223.81 on Thursday. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.07. The stock has a market capitalization of $41.29 billion, a price-to-earnings ratio of -8.81, a price-to-earnings-growth ratio of 5.75 and a beta of 1.03. The company has a fifty day moving average of $233.85 and a 200-day moving average of $217.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

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