M&T Bank Corp Sells 1,483 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

M&T Bank Corp cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,818 shares of the company's stock after selling 1,483 shares during the quarter. M&T Bank Corp's holdings in Take-Two Interactive Software were worth $1,828,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TTWO. Vanguard Group Inc. increased its stake in shares of Take-Two Interactive Software by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock valued at $3,563,690,000 after purchasing an additional 99,909 shares during the period. Capital International Investors boosted its holdings in shares of Take-Two Interactive Software by 9.5% in the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after acquiring an additional 424,893 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after acquiring an additional 13,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Take-Two Interactive Software by 6.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock valued at $833,470,000 after acquiring an additional 287,194 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Take-Two Interactive Software by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,110,469 shares of the company's stock worth $754,671,000 after purchasing an additional 99,279 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 1.9%

Shares of TTWO stock traded up $4.54 during trading on Monday, hitting $238.46. 1,339,907 shares of the company were exchanged, compared to its average volume of 2,051,411. The firm has a market capitalization of $42.31 billion, a price-to-earnings ratio of -9.39, a P/E/G ratio of 6.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The business's 50-day simple moving average is $233.44 and its 200 day simple moving average is $213.37. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07.

Analyst Ratings Changes

A number of analysts have recently commented on TTWO shares. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Benchmark boosted their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $230.25.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction on 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 transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the firm'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 transaction, the insider directly owned 152,271 shares in the company, valued at $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,378 shares of company stock valued at $103,915,994. 1.45% of the stock is currently owned by corporate insiders.

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.