DAVENPORT & Co LLC Sells 105,533 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

DAVENPORT & Co LLC cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 36.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,365 shares of the company's stock after selling 105,533 shares during the period. DAVENPORT & Co LLC owned 0.10% of Take-Two Interactive Software worth $38,465,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC boosted its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Take-Two Interactive Software by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after buying an additional 99,909 shares during the last quarter. Capital International Investors boosted its stake in shares of Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock worth $899,036,000 after buying an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Take-Two Interactive Software by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after buying an additional 13,555 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Take-Two Interactive Software by 6.8% in 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 buying an additional 287,194 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity

In other news, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the transaction, the insider directly owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,378 shares of company stock valued at $103,915,994. Insiders own 1.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company 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. JPMorgan Chase & Co. boosted their price target on shares of 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. Finally, UBS Group boosted their price target on shares of 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 analyst has rated the stock with a sell rating, one has assigned 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, the stock has an average rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software Trading Up 0.5%

NASDAQ TTWO traded up $1.27 during trading on Friday, hitting $240.78. 1,008,273 shares of the company's stock traded hands, compared to its average volume of 1,789,656. The stock has a fifty day moving average of $232.44 and a two-hundred day moving average of $211.26. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $245.08. The firm has a market cap of $42.72 billion, a P/E ratio of -9.48, a PEG ratio of 6.25 and a beta of 1.03.

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.