Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Position Cut by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Key Points

• Generali Investments has reduced its holdings in Take-Two Interactive by 64.5%, now owning 6,600 shares valued at approximately $1.37 million.
• Institutional investors own a significant portion of Take-Two Interactive, holding 95.46% of the company's stock, with notable increases from hedge funds like GAMMA Investing and Alyeska Investment Group.
• Analysts are mixed on Take-Two's stock performance, with one downgrade to "sell," but a majority maintaining a "buy" or "strong buy" rating, resulting in an average target price of $234.05.

Generali Investments Towarzystwo Funduszy Inwestycyjnych decreased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 64.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,600 shares of the company's stock after selling 12,011 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Take-Two Interactive Software were worth $1,368,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $28,000. North Capital Inc. purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $35,000. Graybill Wealth Management LTD. purchased a new position in shares of Take-Two Interactive Software during the first quarter worth about $37,000. Cullen Frost Bankers Inc. grew its stake in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares during the last quarter. Finally, 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 valued at $45,000 after buying an additional 72 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTWO has been the topic of several research reports. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Benchmark lifted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 16th. UBS Group raised their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company started coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $234.05.

Take-Two Interactive Software Price Performance

TTWO traded down $3.14 on Thursday, reaching $224.07. The company had a trading volume of 586,879 shares, compared to its average volume of 2,007,054. The company has a market cap of $41.33 billion, a price-to-earnings ratio of -8.81, a P/E/G ratio of 5.80 and a beta of 0.99. The business has a 50 day simple moving average of $233.69 and a 200 day simple moving average of $218.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.07.

Insider Activity

In related news, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software 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 sale, the president directly owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were 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 directly owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 460,792 shares of company stock valued at $104,014,443. Company insiders own 1.34% of the company's stock.

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.