Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Position Lowered by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management Inc. reduced its stake in Take-Two Interactive Software by 9.0%, selling 5,492 shares for a total holding of 55,678 shares worth approximately $11.54 million.
• Insider transactions included President Karl Slatoff selling 216,661 shares at an average price of $225.75, decreasing his ownership by 15.22%.
• Analysts have recently adjusted their price targets for Take-Two Interactive, with Morgan Stanley increasing their target from $210.00 to $265.00 and maintaining an "overweight" rating.

iA Global Asset Management Inc. lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,678 shares of the company's stock after selling 5,492 shares during the period. iA Global Asset Management Inc.'s holdings in Take-Two Interactive Software were worth $11,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC grew 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 acquiring an additional 45 shares in the last quarter. Adero Partners LLC boosted its holdings in Take-Two Interactive Software by 2.9% in the first quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after purchasing an additional 51 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Take-Two Interactive Software by 46.0% in the first 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 period. State of Wyoming grew its stake in Take-Two Interactive Software by 13.0% during the 4th quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after purchasing an additional 60 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in Take-Two Interactive Software by 4.0% during the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after purchasing an additional 64 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the sale, the director directly owned 3,290 shares in the company, valued at $782,362. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 460,792 shares of company stock worth $104,014,443. 1.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James Financial reissued 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. Morgan Stanley boosted their price target 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. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. UBS Group lifted their price objective on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, DA Davidson raised their price objective 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and a consensus target price of $234.05.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded down $0.72 during trading hours on Thursday, reaching $226.49. The stock had a trading volume of 2,214,254 shares, compared to its average volume of 1,750,007. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a 50-day simple moving average of $233.71 and a 200-day simple moving average of $218.84. The firm has a market capitalization of $41.78 billion, a PE ratio of -8.92, a price-to-earnings-growth ratio of 5.75 and a beta of 0.99. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07.

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.