Stanley Laman Group Ltd. Sells 11,419 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Stanley Laman Group Ltd. trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,842 shares of the company's stock after selling 11,419 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Take-Two Interactive Software were worth $4,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TTWO. Wealthfront Advisers LLC grew its stake in shares of 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 worth $26,223,853,000 after purchasing an additional 142,450,266 shares during the last quarter. Norges Bank bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $495,086,000. GAMMA Investing LLC increased its stake in shares of Take-Two Interactive Software by 27,563.6% during the first quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock valued at $143,676,000 after buying an additional 690,745 shares during the period. Raymond James Financial Inc. bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $115,133,000. Finally, Alyeska Investment Group L.P. lifted its stake in 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 worth $247,983,000 after acquiring an additional 574,326 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTWO. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Raymond James reissued an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Ascendiant Capital Markets lifted their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Stock Down 1.8%

TTWO stock traded down $4.23 during trading on Friday, hitting $230.23. 2,011,196 shares of the stock traded hands, compared to its average volume of 1,742,667. The stock has a market cap of $40.85 billion, a price-to-earnings ratio of -10.79, a price-to-earnings-growth ratio of 6.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $240.78. The firm's 50 day moving average is $223.10 and its two-hundred day moving average is $205.34.

Insider Activity

In other news, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software 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 completion of the sale, the president now directly owns 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the transaction, the insider now owns 152,271 shares in the company, valued at approximately $34,294,474.62. This trade represents a 15.09% 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 valued at $103,915,994 over the last ninety days. 1.45% of the stock is currently owned by corporate insiders.

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.