Rhumbline Advisers Has $65.56 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Rhumbline Advisers lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,312 shares of the company's stock after acquiring an additional 18,801 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Take-Two Interactive Software worth $65,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Davis R M Inc. grew its holdings in Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company's stock worth $42,233,000 after purchasing an additional 10,701 shares during the period. Landscape Capital Management L.L.C. bought a new position in Take-Two Interactive Software during the fourth quarter worth about $1,442,000. Mackenzie Financial Corp grew its holdings in Take-Two Interactive Software by 13.2% during the fourth quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after purchasing an additional 1,833 shares during the period. Summit Place Financial Advisors LLC bought a new position in Take-Two Interactive Software during the fourth quarter worth about $748,000. Finally, Fisher Asset Management LLC bought a new position in Take-Two Interactive Software during the fourth quarter worth about $259,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research analyst reports. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Wedbush reiterated an "outperform" rating and set a $269.00 price target (up previously from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Moffett Nathanson lifted their price target on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. UBS Group lifted their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on 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 sale, the insider now directly owns 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff 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 sale, the president now directly owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have 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 Stock Performance

NASDAQ TTWO traded up $1.69 on Friday, reaching $232.72. The stock had a trading volume of 1,497,036 shares, compared to its average volume of 1,752,299. 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 firm has a fifty day moving average of $220.59 and a two-hundred day moving average of $204.03. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $240.78. The company has a market cap of $41.29 billion, a P/E ratio of -10.91, a price-to-earnings-growth ratio of 6.83 and a beta of 1.03.

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.