Penserra Capital Management LLC Cuts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Penserra Capital Management LLC lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $28,000. Assetmark Inc. lifted 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 worth $32,000 after purchasing an additional 106 shares in the last quarter. North Capital Inc. bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth $35,000. Itau Unibanco Holding S.A. grew its position in 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 purchasing an additional 72 shares during the period. Finally, Global Financial Private Client LLC increased 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 currently owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction that occurred 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 sale, the president directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction 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 $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,378 shares of company stock valued at $103,915,994. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO traded up $1.67 during mid-day trading on Wednesday, reaching $242.23. 1,369,425 shares of the stock traded hands, compared to its average volume of 1,790,016. The company has a market cap of $42.98 billion, a price-to-earnings ratio of -9.54, a price-to-earnings-growth ratio of 6.26 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 $245.08. The firm has a fifty day moving average price of $233.15 and a 200 day moving average price of $212.30. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TTWO shares. DA Davidson lifted their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. UBS Group raised their target price on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Robert W. Baird upped their price target on 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. increased their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.10.

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.