Bank of New York Mellon Corp Sells 19,331 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Bank of New York Mellon Corp cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TTWO. Park Square Financial Group LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $28,000. Assetmark Inc. grew its stake in shares of Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares in the last quarter. North Capital Inc. acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter worth about $35,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Take-Two Interactive Software by 41.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after buying an additional 72 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in shares of Take-Two Interactive Software by 50.0% during the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TTWO shares. Robert W. Baird increased their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. UBS Group raised their price objective on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Trading Down 0.6%

Shares of NASDAQ TTWO traded down $1.41 during trading on Friday, reaching $233.92. The company had a trading volume of 1,429,403 shares, compared to its average volume of 1,788,936. The company's fifty day moving average price is $233.44 and its 200-day moving average price is $212.99. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08. The stock has a market cap of $41.50 billion, a P/E ratio of -9.21, a PEG ratio of 6.13 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18.

Insider Buying and Selling

In other news, President Karl Slatoff sold 216,661 shares of the firm'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 transaction, the president owned 1,206,427 shares in the company, valued at $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 27,056 shares of the business'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 in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 460,378 shares of company stock worth $103,915,994 in the last ninety days. Corporate insiders own 1.45% of the company's stock.

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.