Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Holdings Increased by Provident Investment Management Inc.

Key Points

• Provident Investment Management Inc. increased its holdings in Take-Two Interactive Software, Inc. by 1.0%, owning 175,110 shares worth approximately $36.29 million, which constitutes 3.4% of its investment portfolio.
• Recent insider trades included President Karl Slatoff selling 216,661 shares for about $48.91 million, reducing his ownership by 15.22%.
• Brokerages revised their price targets for Take-Two, with Citigroup raising its target from $260 to $270, indicating a positive outlook with multiple analysts giving the stock a "buy" or "outperform" rating.

Provident Investment Management Inc. lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,110 shares of the company's stock after purchasing an additional 1,777 shares during the quarter. Take-Two Interactive Software comprises 3.4% of Provident Investment Management Inc.'s portfolio, making the stock its 15th largest position. Provident Investment Management Inc. owned approximately 0.10% of Take-Two Interactive Software worth $36,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Park Square Financial Group LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth about $28,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software during the first 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. increased its position in Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after acquiring an additional 57 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $43,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on TTWO shares. Robert W. Baird boosted their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. UBS Group upped 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 report on Friday, May 16th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Finally, Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $234.05.

Insider Activity

In related news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the transaction, the insider owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. In the last three months, insiders have sold 460,792 shares of company stock valued at $104,014,443. Corporate insiders own 1.34% of the company's stock.

Take-Two Interactive Software Trading Down 0.3%

Shares of Take-Two Interactive Software stock traded down $0.72 on Thursday, reaching $226.49. 2,214,254 shares of the company were exchanged, compared to its average volume of 1,750,007. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.07. The firm has a market capitalization of $41.78 billion, a price-to-earnings ratio of -8.92, a price-to-earnings-growth ratio of 5.75 and a beta of 0.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average price of $233.71 and a 200-day moving average price of $218.84.

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.