Congress Asset Management Co. Has $2.24 Million Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Congress Asset Management Co. cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 98.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,819 shares of the company's stock after selling 573,313 shares during the period. Congress Asset Management Co.'s holdings in Take-Two Interactive Software were worth $2,242,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TTWO. Wealthfront Advisers LLC grew its position in Take-Two Interactive Software by 1,630,798.7% during 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 during the last quarter. Vanguard Group Inc. grew its position in Take-Two Interactive Software by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after acquiring an additional 99,909 shares during the last quarter. Capital International Investors grew its position in Take-Two Interactive Software by 9.5% during the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock worth $899,036,000 after acquiring an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. grew its position in Take-Two Interactive Software by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after acquiring an additional 13,555 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Take-Two Interactive Software by 6.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock worth $833,470,000 after acquiring an additional 287,194 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software 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 sale, the insider now owns 152,271 shares of the company's stock, valued at $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software 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 completion of the sale, the president now directly owns 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 460,378 shares of company stock worth $103,915,994. Corporate insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTWO. Morgan Stanley increased their price target 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. Robert W. Baird increased their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and set 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 increased their price objective on 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. Finally, JPMorgan Chase & Co. increased their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Stock Up 0.7%

NASDAQ:TTWO opened at $232.72 on Monday. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $240.78. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $41.29 billion, a P/E ratio of -10.91, a P/E/G ratio of 6.83 and a beta of 1.03. The stock's fifty day simple moving average is $220.59 and its 200-day simple moving average is $204.28.

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.

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