Universal Beteiligungs und Servicegesellschaft mbH Sells 17,778 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 13.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,923 shares of the company's stock after selling 17,778 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Take-Two Interactive Software worth $22,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. Park Square Financial Group LLC acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $35,000. Graybill Wealth Management LTD. acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $37,000. Cullen Frost Bankers Inc. boosted its stake in shares of Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its stake in shares of Take-Two Interactive Software by 50.0% during the 1st quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after buying an additional 79 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the firm'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 transaction, the chief executive officer directly owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock valued at $104,014,443 in the last 90 days. Insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Citigroup increased their price objective on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Morgan Stanley raised 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 research note on Monday, May 19th. Finally, Benchmark raised their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average target price of $232.50.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded down $1.00 during trading hours on Friday, hitting $224.75. The company had a trading volume of 1,895,429 shares, compared to its average volume of 1,861,378. The firm has a market cap of $39.88 billion, a PE ratio of -8.85, a PEG ratio of 5.88 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.07. The firm has a 50-day moving average of $234.35 and a 200 day moving average of $216.22.

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.