Blair William & Co. IL Decreases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Blair William & Co. IL reduced its stake in Take-Two Interactive Software by 5.0%, selling 1,783 shares and now holding a total of 34,072 shares valued at $7,061,000.
• Insider transactions include Director Ellen F. Siminoff selling 414 shares and CEO Strauss Zelnick selling 216,661 shares, indicating a significant decrease in their ownership.
• Analysts have mixed views on Take-Two, with benchmarks setting price targets between $225.00 and $265.00, and an average rating of "Moderate Buy."

Blair William & Co. IL lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,072 shares of the company's stock after selling 1,783 shares during the period. Blair William & Co. IL's holdings in Take-Two Interactive Software were worth $7,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Franklin Resources Inc. raised its position in shares of Take-Two Interactive Software by 19.9% in the fourth quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock valued at $2,685,000 after buying an additional 2,420 shares during the last quarter. Wedbush Securities Inc. grew its stake in Take-Two Interactive Software by 8.6% during the 4th quarter. Wedbush Securities Inc. now owns 2,218 shares of the company's stock valued at $408,000 after acquiring an additional 175 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Take-Two Interactive Software by 34.3% in the 4th quarter. Russell Investments Group Ltd. now owns 41,313 shares of the company's stock valued at $7,610,000 after acquiring an additional 10,540 shares during the last quarter. FMR LLC lifted its stake in Take-Two Interactive Software by 67.7% in the 4th quarter. FMR LLC now owns 960,654 shares of the company's stock worth $176,837,000 after purchasing an additional 387,923 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Take-Two Interactive Software by 10.7% during the 4th quarter. Cerity Partners LLC now owns 8,362 shares of the company's stock worth $1,539,000 after purchasing an additional 806 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTWO. Morgan Stanley increased their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. UBS Group upped their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $234.05.

Take-Two Interactive Software Trading Down 0.3%

Shares of TTWO stock traded down $0.72 on Thursday, hitting $226.49. The stock had a trading volume of 2,214,254 shares, compared to its average volume of 1,750,007. The company's 50 day moving average price is $233.71 and its 200-day moving average price is $218.84. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.07. 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 has a market capitalization of $41.78 billion, a P/E ratio of -8.92, a P/E/G ratio of 5.75 and a beta of 0.99.

Insider Transactions at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the sale, the director directly owned 3,290 shares of the company's stock, valued at $782,362. This represents a 11.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred on 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 owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,792 shares of company stock valued at $104,014,443. 1.34% of the stock is owned by 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.