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

Bank of New York Mellon Corp trimmed its stake 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 Form 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 period. Bank of New York Mellon Corp owned 0.58% of Take-Two Interactive Software worth $211,071,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Davis R M Inc. boosted its holdings in shares of Take-Two Interactive Software by 4.9% during the 4th quarter. Davis R M Inc. now owns 229,426 shares of the company's stock worth $42,233,000 after purchasing an additional 10,701 shares during the last quarter. Clarius Group LLC purchased a new stake in Take-Two Interactive Software in the 1st quarter valued at $404,000. Landscape Capital Management L.L.C. purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at $1,442,000. Mackenzie Financial Corp increased its stake in shares of Take-Two Interactive Software by 13.2% in the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after acquiring an additional 1,833 shares during the last quarter. Finally, Stonebridge Financial Group LLC raised its holdings in shares of Take-Two Interactive Software by 3,986.2% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock worth $246,000 after acquiring an additional 1,156 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Ratings Changes

TTWO has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Raymond James Financial restated an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Morgan Stanley lifted their target price 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. JPMorgan Chase & Co. upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded down $5.88 during trading hours on Thursday, hitting $236.35. 1,395,659 shares of the stock were exchanged, compared to its average volume of 1,788,707. The firm has a market capitalization of $41.94 billion, a P/E ratio of -9.32, a P/E/G ratio of 6.26 and a beta of 1.03. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.08. 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 company's 50 day moving average is $233.15 and its 200 day moving average is $212.30.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff 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 transaction of $48,911,220.75. Following the sale, the president owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction that occurred on 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 approximately $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. In the last 90 days, insiders have sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is currently owned by company insiders.

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.