Park Avenue Securities LLC Sells 1,185 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Park Avenue Securities LLC cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 32.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,518 shares of the company's stock after selling 1,185 shares during the period. Park Avenue Securities LLC's holdings in Take-Two Interactive Software were worth $522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in shares of Take-Two Interactive Software by 24.2% in the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after acquiring an additional 54 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Take-Two Interactive Software by 6.0% in the 4th quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock valued at $189,000 after acquiring an additional 58 shares in the last quarter. State of Wyoming lifted its position in shares of Take-Two Interactive Software by 13.0% in the 4th quarter. State of Wyoming now owns 522 shares of the company's stock valued at $96,000 after acquiring an additional 60 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Take-Two Interactive Software by 41.4% in 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 in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Take-Two Interactive Software by 2.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,946 shares of the company's stock valued at $542,000 after acquiring an additional 73 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTWO. Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Raymond James reissued an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Benchmark boosted their target price 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. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average price target of $228.10.

Insider Activity

In other news, CEO Strauss Zelnick sold 216,661 shares of the business's 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 sale, the chief executive officer now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the transaction, the insider now owns 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,378 shares of company stock worth $103,915,994. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded down $4.23 during trading hours on Friday, hitting $230.23. The company's stock had a trading volume of 2,011,196 shares, compared to its average volume of 1,744,950. The company has a market cap of $40.85 billion, a price-to-earnings ratio of -10.79, a PEG ratio of 6.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $223.78 and a two-hundred day simple moving average of $205.77. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $240.78.

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.