Brown Advisory Inc. Sells 18,552 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Brown Advisory Inc. trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 511,050 shares of the company's stock after selling 18,552 shares during the quarter. Brown Advisory Inc. owned about 0.29% of Take-Two Interactive Software worth $105,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Park Square Financial Group LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Assetmark Inc. grew its position in Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the period. North Capital Inc. bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $35,000. Itau Unibanco Holding S.A. raised its stake in Take-Two Interactive Software by 41.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after acquiring an additional 72 shares during the period. Finally, Global Financial Private Client LLC raised its position in shares of Take-Two Interactive Software by 50.0% during the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock valued at $49,000 after buying an additional 79 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 Take-Two Interactive Software stock opened at $242.53 on Tuesday. The business has a 50-day moving average of $232.77 and a 200 day moving average of $211.89. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08. The stock has a market capitalization of $43.03 billion, a price-to-earnings ratio of -9.55, a price-to-earnings-growth ratio of 6.25 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TTWO shares. DA Davidson lifted their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on shares of 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. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. Benchmark boosted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $228.10.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the firm'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 transaction, the insider directly owned 152,271 shares in the company, valued at $34,294,474.62. This trade represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction dated 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 transaction, the president owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 460,378 shares of company stock worth $103,915,994 in the last three months. 1.45% of the stock is owned by company 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.

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