Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 26.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,767 shares of the company's stock after selling 75,242 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Take-Two Interactive Software worth $43,060,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $28,000. Assetmark Inc. grew its position in Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the period. North Capital Inc. bought a new stake in Take-Two Interactive Software in the 1st quarter worth approximately $35,000. Itau Unibanco Holding S.A. grew its position in Take-Two Interactive Software by 41.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after purchasing an additional 72 shares during the period. Finally, Global Financial Private Client LLC grew its position in Take-Two Interactive Software by 50.0% in the 1st quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after purchasing an additional 79 shares during the period. Institutional investors own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Benchmark boosted their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective 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 lifted their target price on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $230.25.

Insider Transactions at Take-Two Interactive Software

In other news, 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 owned 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the chief executive officer owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock worth $103,915,994 over the last 90 days. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software Trading Down 0.6%

TTWO stock traded down $1.41 during mid-day trading on Friday, reaching $233.92. The company had a trading volume of 1,429,403 shares, compared to its average volume of 1,789,791. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $41.50 billion, a PE ratio of -9.21, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. The firm has a 50 day moving average of $233.44 and a 200 day moving average of $213.19. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08.

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.