Harvey Capital Management Inc. Lowers Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Harvey Capital Management Inc. trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 30.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at $28,000. Assetmark Inc. grew its stake in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock valued at $32,000 after acquiring an additional 106 shares in the last quarter. North Capital Inc. purchased a new position in Take-Two Interactive Software during the first quarter valued at $35,000. Itau Unibanco Holding S.A. increased its stake 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 worth $45,000 after acquiring an additional 72 shares during the last quarter. Finally, Global Financial Private Client LLC increased its stake in Take-Two Interactive Software by 50.0% in the 1st quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after acquiring an additional 79 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wedbush raised Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. BMO Capital Markets restated an "outperform" rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Finally, Benchmark upped their target price on shares of 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. One investment 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's stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus price target of $228.10.

Insider Transactions at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is currently owned by insiders.

Take-Two Interactive Software Trading Down 2.8%

Shares of NASDAQ:TTWO traded down $6.90 on Thursday, hitting $235.33. 2,471,495 shares of the company's stock were exchanged, compared to its average volume of 1,792,708. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08. The stock has a market capitalization of $41.75 billion, a price-to-earnings ratio of -9.27, a price-to-earnings-growth ratio of 6.30 and a beta of 1.03. The business's 50 day simple moving average is $233.15 and its two-hundred day simple moving average is $212.66. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

Take-Two Interactive Software 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.