Cambridge Investment Research Advisors Inc. Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 56.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,118 shares of the company's stock after selling 6,562 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Take-Two Interactive Software were worth $1,061,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC bought a new position in Take-Two Interactive Software in the fourth quarter valued at $259,000. Smartleaf Asset Management LLC increased its stake in Take-Two Interactive Software by 34.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 572 shares of the company's stock valued at $106,000 after acquiring an additional 147 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Take-Two Interactive Software by 428.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,780 shares of the company's stock valued at $328,000 after acquiring an additional 1,443 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Take-Two Interactive Software by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,188 shares of the company's stock valued at $2,244,000 after buying an additional 355 shares during the last quarter. Finally, 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 valued at $32,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Up 0.5%

Shares of TTWO stock traded up $1.27 during mid-day trading on Friday, hitting $240.78. The company's stock had a trading volume of 1,008,273 shares, compared to its average volume of 1,789,656. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.08. The business has a 50-day moving average price of $232.44 and a 200 day moving average price of $211.26. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of -9.48, a PEG ratio of 6.25 and a beta of 1.03.

Analysts Set New Price Targets

Several analysts have commented on TTWO shares. Robert W. Baird raised their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock 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. Benchmark raised their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Finally, DA Davidson raised their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock 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 assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Insider Buying and Selling

In other Take-Two Interactive Software news, President Karl Slatoff sold 216,661 shares of the business's 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 completion of the sale, the president owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 sale, the insider directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. This represents a 15.09% 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. Company insiders own 1.45% of the company's stock.

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.