Exchange Traded Concepts LLC Has $8.25 Million Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Exchange Traded Concepts LLC decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,802 shares of the company's stock after selling 11,258 shares during the quarter. Exchange Traded Concepts LLC's holdings in Take-Two Interactive Software were worth $8,249,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC raised its position in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Take-Two Interactive Software by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock valued at $3,563,690,000 after buying an additional 99,909 shares during the period. Capital International Investors raised its holdings in 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 valued at $899,036,000 after buying an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Take-Two Interactive Software by 0.3% during 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Take-Two Interactive Software by 6.8% during 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 period. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Ascendiant Capital Markets raised their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Robert W. Baird increased their price objective 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. Wedbush reaffirmed an "outperform" rating and set a $269.00 target price (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Benchmark upped their price target on 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. Finally, BMO Capital Markets restated an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and a consensus price target of $228.10.

Insiders Place Their Bets

In related news, 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 value of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Karl Slatoff sold 216,661 shares of the firm'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 president now directly owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,378 shares of company stock worth $103,915,994. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $230.23 on Monday. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $240.78. The company has a market cap of $40.85 billion, a PE ratio of -10.79, a P/E/G ratio of 6.83 and a beta of 1.03. The stock has a 50-day moving average of $223.78 and a 200-day moving average of $205.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83.

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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