Osborne Partners Capital Management LLC Sells 1,243 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Osborne Partners Capital Management LLC trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,656 shares of the company's stock after selling 1,243 shares during the quarter. Osborne Partners Capital Management LLC's holdings in Take-Two Interactive Software were worth $6,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TTWO. Wealthfront Advisers LLC increased its stake in Take-Two Interactive Software by 1,630,798.7% during the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after acquiring an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. grew its position in 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 acquiring an additional 99,909 shares in the last quarter. Capital International Investors raised its stake in shares of Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after purchasing an additional 13,555 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Take-Two Interactive Software by 6.8% in 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 purchasing an additional 287,194 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Down 0.1%

Shares of TTWO traded down $0.13 on Friday, reaching $238.37. 3,448,449 shares of the company's stock were exchanged, compared to its average volume of 1,761,643. The business has a 50 day moving average price of $226.51 and a two-hundred day moving average price of $207.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $242.28. The stock has a market capitalization of $42.29 billion, a P/E ratio of -9.39, a price-to-earnings-growth ratio of 5.82 and a beta of 1.03.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark increased their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley raised their price objective 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. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Raymond James Financial reiterated an "outperform" rating and set a $250.00 price target (up previously from $240.00) 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 assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Insider Buying and Selling

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 transaction of $6,093,552.32. Following the sale, the insider now directly owns 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction dated 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 transaction, the president now owns 1,206,427 shares in the company, 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 owned by corporate insiders.

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.