Avanza Fonder AB Sells 3,529 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Avanza Fonder AB reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 26.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,772 shares of the company's stock after selling 3,529 shares during the period. Avanza Fonder AB's holdings in Take-Two Interactive Software were worth $2,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its holdings in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Take-Two Interactive Software by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after buying an additional 99,909 shares during the last quarter. Capital International Investors increased its position in Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after acquiring an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. increased its position in Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after acquiring an additional 13,555 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 acquiring an additional 287,194 shares during the period. 95.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of analyst reports. Benchmark upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wedbush restated an "outperform" rating and set a $269.00 target price (up previously from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley boosted their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Stock Down 0.1%

Take-Two Interactive Software stock traded down $0.28 during midday trading on Thursday, hitting $234.46. 1,440,962 shares of the stock were exchanged, compared to its average volume of 1,739,717. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50 day moving average price of $222.37 and a two-hundred day moving average price of $205.01. The firm has a market cap of $41.60 billion, a P/E ratio of -10.99, a P/E/G ratio of 6.83 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $240.78.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the sale, the insider now owns 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the transaction, the chief executive officer now directly owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock valued at $103,915,994 over the last three months. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Company 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.