Harvey Capital Management Inc. Has $6.50 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Harvey Capital Management Inc. lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 30.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,360 shares of the company's stock after selling 13,545 shares during the period. Take-Two Interactive Software accounts for 1.7% of Harvey Capital Management Inc.'s portfolio, making the stock its 19th largest holding. Harvey Capital Management Inc.'s holdings in Take-Two Interactive Software were worth $6,499,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC increased its stake in shares of Take-Two Interactive Software by 0.9% in the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock worth $1,050,000 after purchasing an additional 45 shares in the last quarter. Adero Partners LLC lifted its position in Take-Two Interactive Software by 2.9% in the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock worth $370,000 after buying an additional 51 shares during the last quarter. State of Wyoming lifted its position in Take-Two Interactive Software by 13.0% in the 4th quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after buying an additional 60 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of Take-Two Interactive Software by 4.0% in the first quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after buying an additional 64 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Take-Two Interactive Software by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,079 shares of the company's stock worth $431,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Ratings Changes

TTWO has been the topic of a number of research reports. Raymond James Financial restated an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Morgan Stanley boosted their price objective 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. Finally, DA Davidson boosted their price target 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average target price of $228.10.

Take-Two Interactive Software Stock Performance

TTWO opened at $240.56 on Wednesday. The stock's 50 day simple moving average is $232.97 and its 200-day simple moving average is $212.09. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.08. The stock has a market cap of $42.68 billion, a PE ratio of -9.47, a P/E/G ratio of 6.31 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 216,661 shares of the company's 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 transaction, the president directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock valued at $103,915,994 over the last 90 days. 1.45% of the stock is owned by company insiders.

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.

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