Charles Schwab Investment Management Inc. Grows Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Take-Two Interactive Software by 4.8% in Q1, owning approximately 0.63% of the company valued at $229.4 million.
• Insider transactions included President Karl Slatoff selling 216,661 shares, resulting in a 15.22% decrease in his ownership.
• Analyst ratings for Take-Two range from a sell to a strong buy, with a recent increase in target prices suggesting a positive outlook on the stock's performance.

Charles Schwab Investment Management Inc. increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,107,081 shares of the company's stock after purchasing an additional 51,019 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Take-Two Interactive Software worth $229,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC grew its position in Take-Two Interactive Software by 0.9% during the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock valued at $1,050,000 after buying an additional 45 shares during the period. Adero Partners LLC grew its position in Take-Two Interactive Software by 2.9% during the first quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after buying an additional 51 shares during the period. Cullen Frost Bankers Inc. grew its position in Take-Two Interactive Software by 46.0% during 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. State of Wyoming grew its position in Take-Two Interactive Software by 13.0% during the fourth quarter. State of Wyoming now owns 522 shares of the company's stock valued at $96,000 after buying an additional 60 shares during the period. Finally, Simon Quick Advisors LLC grew its position in Take-Two Interactive Software by 4.0% during the first quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock valued at $348,000 after buying an additional 64 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction 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 sale, the president owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction 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 directly owned 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock worth $104,014,443 in the last ninety days. Company insiders own 1.34% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company initiated coverage on shares of Take-Two Interactive Software in a research report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price target for the company. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. DA Davidson upped their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, UBS Group upped their price target on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $242.43.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $217.37 on Friday. The company has a market cap of $40.10 billion, a price-to-earnings ratio of -9.08, a PEG ratio of 5.50 and a beta of 0.99. The firm's fifty day moving average is $233.54 and its 200 day moving average is $219.28. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 52-week low of $141.34 and a 52-week high of $245.07.

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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