New England Research & Management Inc. Sells 3,075 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

New England Research & Management Inc. trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 49.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the company's stock after selling 3,075 shares during the quarter. New England Research & Management Inc.'s holdings in Take-Two Interactive Software were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $28,000. Assetmark Inc. raised its position in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock valued at $32,000 after acquiring an additional 106 shares during the last quarter. Global Financial Private Client LLC raised its position in shares of Take-Two Interactive Software by 50.0% during the 1st quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock valued at $49,000 after acquiring an additional 79 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Take-Two Interactive Software by 41.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after acquiring an additional 72 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $55,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the company's 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 completion of the transaction, the insider now directly owns 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick 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 transaction of $48,911,220.75. Following the completion of the transaction, the chief executive officer now owns 1,206,427 shares of the company's stock, valued at $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 a total of 460,378 shares of company stock valued at $103,915,994 over the last quarter. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

TTWO traded down $4.23 during midday trading on Friday, reaching $230.23. The company had a trading volume of 2,011,196 shares, compared to its average volume of 1,744,950. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $40.85 billion, a PE ratio of -10.79, a P/E/G ratio of 6.83 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $240.78. The business has a 50-day moving average price of $223.78 and a two-hundred day moving average price of $205.77.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. UBS Group upped their target price on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Raymond James reissued an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Finally, Wedbush reissued an "outperform" rating and issued a $269.00 price target (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. One 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

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.