CenterBook Partners LP Reduces Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

CenterBook Partners LP decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 35.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,830 shares of the company's stock after selling 2,678 shares during the period. CenterBook Partners LP's holdings in Take-Two Interactive Software were worth $1,001,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $495,086,000. GAMMA Investing LLC boosted its holdings in shares of Take-Two Interactive Software by 27,563.6% in the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock worth $143,676,000 after buying an additional 690,745 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Take-Two Interactive Software by 74.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock worth $247,983,000 after buying an additional 574,326 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Take-Two Interactive Software by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock worth $4,117,123,000 after buying an additional 506,026 shares during the last quarter. Finally, Capital International Investors raised its stake 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 buying an additional 424,893 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insiders Place Their Bets

In related news, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction dated 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 transaction, the president directly owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $6,093,552.32. Following the completion of the transaction, the insider owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock valued at $104,014,443 in the last ninety days. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded down $4.81 during midday trading on Thursday, hitting $233.92. 2,104,016 shares of the company's stock were exchanged, compared to its average volume of 1,795,579. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.08. The stock has a 50-day moving average price of $234.24 and a two-hundred day moving average price of $214.41. 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 company has a market cap of $41.50 billion, a P/E ratio of -9.21, a PEG ratio of 6.21 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TTWO. UBS Group boosted their target price on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. DA Davidson boosted their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Robert W. Baird boosted their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $230.25.

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.