Pacer Advisors Inc. Has $3.58 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Pacer Advisors Inc. has reduced its holdings in Take-Two Interactive Software by 22.1%, now holding 17,255 shares worth approximately $3.58 million.
• Several brokerages have increased their price targets for Take-Two, with UBS Group setting a new target of $275.00 while maintaining a "buy" rating.
• Insiders, including the CEO and president, sold a total of 460,792 shares worth over $104 million in the last three months, marking a 15.22% decrease in their stakes.

Pacer Advisors Inc. trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 22.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,255 shares of the company's stock after selling 4,893 shares during the quarter. Pacer Advisors Inc.'s holdings in Take-Two Interactive Software were worth $3,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth approximately $28,000. North Capital Inc. bought a new position in Take-Two Interactive Software in the 1st quarter worth approximately $35,000. Graybill Wealth Management LTD. bought a new position in Take-Two Interactive Software in the 1st quarter worth approximately $37,000. Cullen Frost Bankers Inc. boosted its stake in Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its stake in 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 purchasing an additional 79 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTWO. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Robert W. Baird increased their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. UBS Group increased their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Morgan Stanley increased their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Citigroup increased their price target on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.05.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction on 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 sale, the chief executive officer owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Karl Slatoff 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 value of $48,911,220.75. Following the completion of the sale, the president owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock worth $104,014,443 over the last three months. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Down 0.9%

Shares of TTWO traded down $2.12 during mid-day trading on Tuesday, reaching $223.98. The company's stock had a trading volume of 1,857,406 shares, compared to its average volume of 1,636,563. The business has a fifty day moving average of $233.91 and a 200 day moving average of $217.05. The company has a market cap of $39.74 billion, a price-to-earnings ratio of -8.82, a price-to-earnings-growth ratio of 5.88 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.07. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18.

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.