Cetera Investment Advisers Sells 1,215 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cetera Investment Advisers trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,164 shares of the company's stock after selling 1,215 shares during the quarter. Cetera Investment Advisers' holdings in Take-Two Interactive Software were worth $3,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Square Financial Group LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $28,000. North Capital Inc. bought a new position in Take-Two Interactive Software in the first quarter valued at about $35,000. Graybill Wealth Management LTD. bought a new position in Take-Two Interactive Software in the first quarter valued at about $37,000. Cullen Frost Bankers Inc. lifted its stake in Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after buying an additional 57 shares during the period. Finally, Global Financial Private Client LLC lifted its stake in Take-Two Interactive Software by 50.0% in 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 period. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TTWO shares. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. Wells Fargo & Company began coverage on Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective for the company. BMO Capital Markets restated an "outperform" rating and set a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, UBS Group upped their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $234.05.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider owned 152,271 shares in the company, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total transaction of $98,449.20. Following the sale, the director owned 3,290 shares in the company, valued at approximately $782,362. This trade represents a 11.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock valued at $104,014,443 over the last quarter. Insiders own 1.34% of the company's stock.

Take-Two Interactive Software Stock Up 0.6%

Shares of Take-Two Interactive Software stock traded up $1.29 during midday trading on Wednesday, hitting $227.21. The company had a trading volume of 1,543,491 shares, compared to its average volume of 2,016,819. The stock has a market capitalization of $41.91 billion, a P/E ratio of -8.95, a P/E/G ratio of 5.80 and a beta of 0.99. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.07. 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 50 day moving average of $233.71 and a 200 day moving average of $218.51.

About Take-Two Interactive Software

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.