Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,018,436 shares of the company's stock after selling 19,331 shares during the period. Bank of New York Mellon Corp owned approximately 0.58% of Take-Two Interactive Software worth $211,071,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Take-Two Interactive Software during the 1st quarter valued at about $245,000. IFM Investors Pty Ltd raised its stake in Take-Two Interactive Software by 9.5% during the first quarter. IFM Investors Pty Ltd now owns 33,325 shares of the company's stock worth $6,907,000 after acquiring an additional 2,896 shares during the period. OneDigital Investment Advisors LLC bought a new position in Take-Two Interactive Software in the 1st quarter worth about $223,000. GF Fund Management CO. LTD. boosted its holdings in shares of Take-Two Interactive Software by 1.6% in the first quarter. GF Fund Management CO. LTD. now owns 33,807 shares of the company's stock valued at $7,007,000 after acquiring an additional 522 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in shares of Take-Two Interactive Software by 29.4% during the first quarter. Checchi Capital Advisers LLC now owns 1,595 shares of the company's stock valued at $331,000 after acquiring an additional 362 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded up $0.54 during midday trading on Wednesday, reaching $241.10. 174,076 shares of the company traded hands, compared to its average volume of 1,783,587. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of -9.50, a price-to-earnings-growth ratio of 6.31 and a beta of 1.03. The business has a 50 day moving average of $232.97 and a two-hundred day moving average of $212.09.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group lifted their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Raymond James Financial restated an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Benchmark upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated 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 owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction dated 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 sale, the chief executive officer directly 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. Insiders sold 460,378 shares of company stock valued at $103,915,994 over the last 90 days. 1.45% of the stock is currently owned by corporate insiders.

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.