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

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

Several other hedge funds have also modified their holdings of TTWO. Jones Financial Companies Lllp boosted its stake in shares of Take-Two Interactive Software by 428.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,780 shares of the company's stock worth $328,000 after acquiring an additional 1,443 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after acquiring an additional 106 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Take-Two Interactive Software by 1.8% during the 4th quarter. Atria Investments Inc now owns 4,725 shares of the company's stock worth $870,000 after acquiring an additional 83 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Take-Two Interactive Software by 7.4% during the 4th quarter. M&T Bank Corp now owns 10,301 shares of the company's stock worth $1,896,000 after acquiring an additional 709 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $24,330,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. DA Davidson raised their price target on shares of 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. Robert W. Baird raised their price target on shares of 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. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $228.10.

Take-Two Interactive Software Trading Up 0.3%

Shares of TTWO stock traded up $0.65 during trading on Friday, hitting $235.98. 119,721 shares of the stock traded hands, compared to its average volume of 1,786,294. The firm has a market capitalization of $41.87 billion, a P/E ratio of -9.29, a price-to-earnings-growth ratio of 6.30 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The firm's fifty day moving average price is $233.15 and its 200-day moving average price is $212.66. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.08.

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction that occurred on 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 sale, the president owned 1,206,427 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Strauss Zelnick sold 216,661 shares of the business's 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 chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,378 shares of company stock valued at $103,915,994. 1.45% of the stock is currently owned by company insiders.

About Take-Two Interactive Software

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.