Ninety One UK Ltd Sells 55,475 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Ninety One UK Ltd reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,466,636 shares of the company's stock after selling 55,475 shares during the quarter. Ninety One UK Ltd owned approximately 0.83% of Take-Two Interactive Software worth $303,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealthfront Advisers LLC boosted its stake in Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares during the period. Norges Bank acquired a new position in Take-Two Interactive Software in the 4th quarter valued at $495,086,000. GAMMA Investing LLC grew its holdings in Take-Two Interactive Software by 27,563.6% in the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock valued at $143,676,000 after buying an additional 690,745 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Take-Two Interactive Software by 74.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after buying an additional 574,326 shares in the last quarter. Finally, Capital International Investors grew its holdings in Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after buying an additional 424,893 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTWO. Robert W. Baird upped their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. DA Davidson upped 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. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. UBS Group increased their target price on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $242.53 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $43.03 billion, a PE ratio of -9.55, a P/E/G ratio of 6.25 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 $245.08. The stock has a 50-day moving average price of $232.77 and a two-hundred day moving average price of $211.89.

Insider Buying and Selling 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 dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, 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, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 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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