Oppenheimer Asset Management Inc. Has $4.06 Million Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Oppenheimer Asset Management Inc. lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 12.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,583 shares of the company's stock after selling 2,828 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Take-Two Interactive Software were worth $4,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wealthfront Advisers LLC raised its holdings in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. Vanguard Group Inc. raised its holdings in Take-Two Interactive Software by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after acquiring an additional 99,909 shares during the period. Capital International Investors raised its holdings in Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock worth $899,036,000 after acquiring an additional 424,893 shares during the period. Ameriprise Financial Inc. raised its holdings in Take-Two Interactive Software by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after acquiring an additional 13,555 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Take-Two Interactive Software by 6.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock worth $833,470,000 after acquiring an additional 287,194 shares during the period. Institutional investors own 95.46% of the company's stock.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the business'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 transaction of $6,093,552.32. Following the completion of the sale, the insider now directly owns 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 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 now directly owns 1,206,427 shares of the company's stock, 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. Over the last three months, insiders have sold 460,378 shares of company stock worth $103,915,994. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded up $2.11 on Friday, reaching $241.44. The stock had a trading volume of 4,576,616 shares, compared to its average volume of 1,776,194. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $245.08. The stock has a fifty day moving average price of $229.88 and a 200-day moving average price of $209.23. The company has a market capitalization of $42.84 billion, a P/E ratio of -9.51, a price-to-earnings-growth ratio of 6.23 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTWO. DA Davidson boosted 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. Benchmark boosted 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. Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Raymond James Financial reiterated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Finally, Wedbush reiterated an "outperform" rating and set a $269.00 target price (up from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $228.10.

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.