Federated Hermes Inc. Sells 4,883 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Federated Hermes Inc. trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 27.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,097 shares of the company's stock after selling 4,883 shares during the quarter. Federated Hermes Inc.'s holdings in Take-Two Interactive Software were worth $2,714,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Take-Two Interactive Software by 19.9% during the 4th quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock worth $2,685,000 after buying an additional 2,420 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Take-Two Interactive Software during the fourth quarter worth $9,600,000. Wedbush Securities Inc. boosted its holdings in Take-Two Interactive Software by 8.6% in the fourth quarter. Wedbush Securities Inc. now owns 2,218 shares of the company's stock worth $408,000 after purchasing an additional 175 shares during the period. Russell Investments Group Ltd. increased its stake in Take-Two Interactive Software by 34.3% during the fourth quarter. Russell Investments Group Ltd. now owns 41,313 shares of the company's stock valued at $7,610,000 after purchasing an additional 10,540 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Take-Two Interactive Software by 67.7% during the fourth quarter. FMR LLC now owns 960,654 shares of the company's stock worth $176,837,000 after purchasing an additional 387,923 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Daniel P. Emerson sold 27,056 shares of the business's stock in a transaction that occurred on 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 directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their position. The sale 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 value of $48,911,220.75. Following 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. Over the last 90 days, insiders have sold 460,792 shares of company stock worth $104,014,443. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded up $1.29 during trading hours on Wednesday, reaching $227.21. The company had a trading volume of 1,543,491 shares, compared to its average volume of 2,016,819. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $233.71 and a two-hundred day moving average of $218.51. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.07. The firm has a market capitalization of $41.91 billion, a PE ratio of -8.95, a PEG ratio of 5.80 and a beta of 0.99.

Analysts Set New Price Targets

A number of research firms have issued reports on TTWO. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. UBS Group lifted their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company began coverage on Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $234.05.

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.