Stephens Investment Management Group LLC Has $103.20 Million Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Stephens Investment Management Group LLC trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 497,931 shares of the company's stock after selling 46,411 shares during the quarter. Take-Two Interactive Software comprises 1.5% of Stephens Investment Management Group LLC's portfolio, making the stock its 12th largest position. Stephens Investment Management Group LLC owned approximately 0.28% of Take-Two Interactive Software worth $103,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC increased its position in Take-Two Interactive Software by 0.9% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock valued at $1,050,000 after acquiring an additional 45 shares during the period. Adero Partners LLC increased its position in shares of Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after purchasing an additional 51 shares during the period. State of Wyoming increased its position in shares of Take-Two Interactive Software by 13.0% during the 4th quarter. State of Wyoming now owns 522 shares of the company's stock valued at $96,000 after purchasing an additional 60 shares during the period. Simon Quick Advisors LLC increased its position in shares of Take-Two Interactive Software by 4.0% during the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock valued at $348,000 after purchasing an additional 64 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its position in shares of Take-Two Interactive Software by 3.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,079 shares of the company's stock valued at $431,000 after purchasing an additional 64 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the topic of several research analyst reports. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a research report on Tuesday, July 1st. Benchmark lifted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Raymond James Financial restated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, DA Davidson lifted their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average price target of $230.25.

Insider Activity

In other news, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software 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 transaction, the president owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software 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 transaction, the chief executive officer owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.6%

Shares of TTWO stock traded down $1.41 on Friday, reaching $233.92. 1,429,403 shares of the company's stock traded hands, compared to its average volume of 1,789,791. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $245.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $41.50 billion, a P/E ratio of -9.21, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. The business's 50 day moving average price is $233.44 and its two-hundred day moving average price is $213.19.

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.