US Bancorp DE Sells 5,415 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• US Bancorp DE reduced its holdings in Take-Two Interactive Software, Inc. by 17.7%, now owning 25,151 shares valued at approximately $5.2 million.
• Several institutional investors, including Cullen Frost Bankers Inc. and Itau Unibanco Holding S.A., have increased their stakes in Take-Two, reflecting strong institutional interest with 95.46% of the stock owned by institutional investors.
• Wall Street analysts generally maintain a positive outlook on Take-Two, with a consensus rating of "Moderate Buy" and an average price target of $234.05.

US Bancorp DE cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 17.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,151 shares of the company's stock after selling 5,415 shares during the quarter. US Bancorp DE's holdings in Take-Two Interactive Software were worth $5,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTWO. Clarius Group LLC acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $404,000. Mackenzie Financial Corp grew its stake in shares of Take-Two Interactive Software by 13.2% in the fourth 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. Stonebridge Financial Group LLC increased its position in Take-Two Interactive Software by 3,986.2% during the first 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. Cornerstone Investment Partners LLC increased its position in Take-Two Interactive Software by 14.1% during the first quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock worth $60,645,000 after acquiring an additional 36,112 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Take-Two Interactive Software by 8.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock valued at $2,910,000 after purchasing an additional 1,231 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTWO has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. UBS Group increased their target price on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective for the company. Finally, Citigroup boosted their price objective on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $234.05.

Take-Two Interactive Software Trading Up 0.6%

TTWO stock traded up $1.29 during midday trading on Wednesday, reaching $227.21. The stock had a trading volume of 1,543,491 shares, compared to its average volume of 2,016,819. The firm has a market cap of $41.91 billion, a price-to-earnings ratio of -8.95, a PEG ratio of 5.80 and a beta of 0.99. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $233.71 and a two-hundred day simple moving average of $218.51.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction dated 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 chief executive officer owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider owned 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 disclosure for this sale can be found here. In the last three months, insiders sold 460,792 shares of company stock valued at $104,014,443. 1.34% of the stock is currently owned by corporate 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.