Mirae Asset Global Investments Co. Ltd. Sells 136,735 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,259 shares of the company's stock after selling 136,735 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of Take-Two Interactive Software worth $51,161,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Paragon Capital Management Inc. bought a new position in shares of Take-Two Interactive Software in the first quarter valued at approximately $1,199,000. Canvas Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the first quarter valued at approximately $361,000. Chung Wu Investment Group LLC bought a new position in Take-Two Interactive Software during the first quarter valued at $348,000. Sequoia Financial Advisors LLC grew its holdings in Take-Two Interactive Software by 7.5% during the first quarter. Sequoia Financial Advisors LLC now owns 3,630 shares of the company's stock valued at $752,000 after purchasing an additional 254 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Take-Two Interactive Software by 1,112.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 366,853 shares of the company's stock valued at $76,030,000 after purchasing an additional 336,598 shares during the period. 95.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson increased their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a report on Friday, May 16th. Morgan Stanley increased their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wedbush reissued an "outperform" rating and set a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. UBS Group increased their price objective 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, Benchmark increased 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $228.10.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff 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 president now owns 1,206,427 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction 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 sale, the insider now directly owns 152,271 shares of the company's stock, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 460,378 shares of company stock valued at $103,915,994. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $241.44 on Friday. The firm has a market capitalization of $42.84 billion, a price-to-earnings ratio of -9.51, a P/E/G ratio of 6.23 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.08. The stock has a fifty day moving average of $229.88 and a 200 day moving average of $209.23. 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 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.

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