Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,225 shares of the company's stock after selling 2,237 shares during the quarter. Penserra Capital Management LLC's holdings in Take-Two Interactive Software were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $28,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $35,000. Assetmark Inc. grew its holdings in shares of Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock valued at $32,000 after buying an additional 106 shares during the period. Global Financial Private Client LLC lifted its position in Take-Two Interactive Software by 50.0% in 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 in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in 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 worth $45,000 after buying an additional 72 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Down 2.6%

Take-Two Interactive Software stock traded down $6.39 during trading hours on Thursday, reaching $235.84. The stock had a trading volume of 1,489,234 shares, compared to its average volume of 1,789,001. The company has a market cap of $41.85 billion, a price-to-earnings ratio of -9.29, a PEG ratio of 6.26 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The business's 50 day moving average price is $233.15 and its 200-day moving average price is $212.30. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.08.

Analysts Set New Price Targets

A number of brokerages recently commented on TTWO. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. UBS Group increased their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Robert W. Baird raised their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.10.

Insider Activity

In other news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction dated 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 transaction, the president 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 460,378 shares of company stock worth $103,915,994 over the last 90 days. 1.45% of the stock is currently 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.