Bessemer Group Inc. Sells 1,712 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Bessemer Group Inc. decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 0.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,967,301 shares of the company's stock after selling 1,712 shares during the period. Take-Two Interactive Software comprises about 0.7% of Bessemer Group Inc.'s holdings, making the stock its 29th largest holding. Bessemer Group Inc. owned about 1.11% of Take-Two Interactive Software worth $407,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTWO. Wealthfront Advisers LLC increased its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after acquiring an additional 142,450,266 shares in the last quarter. Norges Bank purchased a new stake in Take-Two Interactive Software in the fourth quarter worth about $495,086,000. GAMMA Investing LLC grew its holdings in Take-Two Interactive Software by 27,563.6% in the first quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock worth $143,676,000 after purchasing an additional 690,745 shares during the period. Raymond James Financial Inc. bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $115,133,000. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after purchasing an additional 574,326 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded up $2.11 during trading hours on Friday, reaching $241.44. The company had a trading volume of 4,576,616 shares, compared to its average volume of 1,776,195. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The business has a fifty day moving average price of $229.88 and a 200-day moving average price of $209.23. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.08. The firm has a market cap of $42.84 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 6.23 and a beta of 1.03.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TTWO shares. JPMorgan Chase & Co. upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Ascendiant Capital Markets increased their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Raymond James Financial restated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Robert W. Baird upped their price target 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. Finally, DA Davidson increased their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $228.10.

Insider Buying and Selling

In related news, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the chief executive officer now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the transaction, the insider now directly owns 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is owned by insiders.

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.