Envestnet Portfolio Solutions Inc. Reduces Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Envestnet Portfolio Solutions Inc. lessened its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 43.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,262 shares of the company's stock after selling 6,231 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Take-Two Interactive Software were worth $1,712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TTWO. Davis R M Inc. grew its stake in shares of Take-Two Interactive Software by 4.9% in the 4th quarter. Davis R M Inc. now owns 229,426 shares of the company's stock valued at $42,233,000 after purchasing an additional 10,701 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $1,442,000. Mackenzie Financial Corp grew 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 valued at $2,890,000 after purchasing an additional 1,833 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 valued at $2,910,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Clarius Group LLC purchased a new position in shares of Take-Two Interactive Software in the 1st quarter valued at approximately $404,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insider Buying and Selling

In related news, 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 value of $6,093,552.32. Following the transaction, the insider now owns 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Strauss Zelnick sold 216,661 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. 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. 1.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. lifted 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. Benchmark lifted their price target on 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. DA Davidson lifted their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Ascendiant Capital Markets lifted their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $241.59 on Tuesday. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $242.28. The business has a 50-day moving average of $227.61 and a 200-day moving average of $208.01. 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 $42.87 billion, a price-to-earnings ratio of -9.52, a PEG ratio of 5.81 and a beta of 1.03.

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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