Deroy & Devereaux Private Investment Counsel Inc. Reduces Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Deroy & Devereaux Private Investment Counsel Inc. cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 35.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,483 shares of the company's stock after selling 11,380 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Take-Two Interactive Software were worth $4,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Davis R M Inc. increased its position in Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company's stock valued at $42,233,000 after acquiring an additional 10,701 shares during the last quarter. Clarius Group LLC bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $404,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $1,442,000. Mackenzie Financial Corp lifted its stake in shares of Take-Two Interactive Software by 13.2% in the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after purchasing an additional 1,833 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Take-Two Interactive Software by 8.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock worth $2,910,000 after purchasing an additional 1,231 shares during the period. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TTWO. DA Davidson upped their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Morgan Stanley raised their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Robert W. Baird boosted their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research note 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.10.

Insider Buying and Selling

In related news, CEO Strauss Zelnick 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 chief executive officer 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 business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 460,378 shares of company stock worth $103,915,994. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $240.78 on Friday. 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 1-year low of $135.24 and a 1-year high of $245.08. The business has a 50 day simple moving average of $232.13 and a two-hundred day simple moving average of $210.68. The stock has a market capitalization of $42.72 billion, a PE ratio of -9.48, a P/E/G ratio of 6.23 and a beta of 1.03.

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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