Cornerstone Investment Partners LLC Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cornerstone Investment Partners LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,616 shares of the company's stock after acquiring an additional 36,112 shares during the quarter. Take-Two Interactive Software makes up 2.9% of Cornerstone Investment Partners LLC's portfolio, making the stock its 19th biggest position. Cornerstone Investment Partners LLC owned 0.17% of Take-Two Interactive Software worth $60,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in TTWO. Park Square Financial Group LLC bought a new position in Take-Two Interactive Software in the 4th quarter valued at about $28,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software in the first quarter worth about $35,000. Assetmark Inc. lifted its position in shares of Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of 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 worth $49,000 after purchasing an additional 79 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after purchasing an additional 72 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TTWO. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Benchmark boosted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. upped their price target 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average target price of $228.10.

Insider Buying and Selling at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was 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 represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 460,378 shares of company stock worth $103,915,994 over the last ninety days. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $3.98 during mid-day trading on Thursday, reaching $238.26. The stock had a trading volume of 42,655 shares, compared to its average volume of 1,783,301. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The company has a market cap of $42.27 billion, a P/E ratio of -9.38, a price-to-earnings-growth ratio of 6.26 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.08. The business's 50 day moving average price is $233.15 and its 200 day moving average price is $212.30.

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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