Sumitomo Mitsui DS Asset Management Company Ltd Has $4.41 Million Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 21,257 shares of the company's stock after acquiring an additional 2,758 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Take-Two Interactive Software were worth $4,406,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BLB&B Advisors LLC boosted its position in Take-Two Interactive Software by 0.5% in the first quarter. BLB&B Advisors LLC now owns 55,470 shares of the company's stock worth $11,496,000 after purchasing an additional 299 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Take-Two Interactive Software by 2.8% in the first quarter. Vontobel Holding Ltd. now owns 46,477 shares of the company's stock worth $9,632,000 after purchasing an additional 1,273 shares during the last quarter. Mather Group LLC. boosted its position in Take-Two Interactive Software by 7.9% in the first quarter. Mather Group LLC. now owns 1,284 shares of the company's stock worth $266,000 after purchasing an additional 94 shares during the last quarter. Amalgamated Bank boosted its position in Take-Two Interactive Software by 1.2% in the first quarter. Amalgamated Bank now owns 32,263 shares of the company's stock worth $6,687,000 after purchasing an additional 382 shares during the last quarter. Finally, Stonebridge Financial Group LLC raised its stake in shares of Take-Two Interactive Software by 3,986.2% in the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock valued at $246,000 after buying an additional 1,156 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction dated 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 completion of the transaction, the president directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was 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 $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Price Performance

TTWO opened at $240.78 on Friday. The stock has a 50-day moving average price of $232.13 and a 200-day moving average price of $210.68. 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 current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $42.72 billion, a P/E ratio of -9.48, a PEG ratio of 6.23 and a beta of 1.03.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTWO. Robert W. Baird boosted their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. DA Davidson boosted their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $228.10.

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.

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