Rhumbline Advisers Increases Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Rhumbline Advisers raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,312 shares of the company's stock after buying an additional 18,801 shares during the period. Rhumbline Advisers owned approximately 0.18% of Take-Two Interactive Software worth $65,556,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Wealthfront Advisers LLC raised its holdings in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after acquiring an additional 142,450,266 shares in the last quarter. Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at $495,086,000. GAMMA Investing LLC boosted its stake in Take-Two Interactive Software by 27,563.6% during the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock worth $143,676,000 after purchasing an additional 690,745 shares during the period. Raymond James Financial Inc. purchased a new position in Take-Two Interactive Software during the 4th quarter worth $115,133,000. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Take-Two Interactive Software by 74.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after buying an additional 574,326 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity

In other news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction 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 sale, the insider now owns 152,271 shares of the company's stock, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the firm'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 completion of the transaction, the president now directly owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock valued at $103,915,994 in the last three months. Corporate insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TTWO shares. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. DA Davidson increased their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Ascendiant Capital Markets upped their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Wedbush reiterated an "outperform" rating and issued a $269.00 price objective (up previously from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Finally, UBS Group boosted their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Trading Up 0.8%

Take-Two Interactive Software stock traded up $1.85 during midday trading on Thursday, reaching $231.03. The stock had a trading volume of 2,331,583 shares, compared to its average volume of 1,751,581. The stock's 50-day simple moving average is $219.67 and its 200 day simple moving average is $203.37. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $240.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $40.99 billion, a PE ratio of -10.83, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08.

Take-Two Interactive Software 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.