WCM Investment Management LLC Sells 3,529 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

WCM Investment Management LLC lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 27.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,452 shares of the company's stock after selling 3,529 shares during the period. WCM Investment Management LLC's holdings in Take-Two Interactive Software were worth $1,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Take-Two Interactive Software by 14.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,257 shares of the company's stock valued at $4,406,000 after acquiring an additional 2,758 shares in the last quarter. BLB&B Advisors LLC raised its stake in shares of Take-Two Interactive Software by 0.5% during the first quarter. BLB&B Advisors LLC now owns 55,470 shares of the company's stock valued at $11,496,000 after acquiring an additional 299 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Take-Two Interactive Software by 2.8% during the first quarter. Vontobel Holding Ltd. now owns 46,477 shares of the company's stock valued at $9,632,000 after acquiring an additional 1,273 shares in the last quarter. Mather Group LLC. raised its stake in shares of Take-Two Interactive Software by 7.9% during the first quarter. Mather Group LLC. now owns 1,284 shares of the company's stock valued at $266,000 after acquiring an additional 94 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Take-Two Interactive Software by 1.2% during the first quarter. Amalgamated Bank now owns 32,263 shares of the company's stock valued at $6,687,000 after acquiring an additional 382 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. UBS Group lifted 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, Robert W. Baird lifted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $240.78 on Friday. The firm has a market capitalization of $42.72 billion, a PE ratio of -9.48, a price-to-earnings-growth ratio of 6.23 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 1-year low of $135.24 and a 1-year high of $245.08. The company's fifty day moving average price is $232.13 and its 200-day moving average price is $210.68.

Insider Activity

In other news, insider Daniel P. Emerson sold 27,056 shares of the business's stock in a transaction 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 sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the president directly owned 1,206,427 shares in the company, valued at $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. Insiders have sold 460,378 shares of company stock valued at $103,915,994 over the last ninety days. 1.45% of the stock is currently owned by 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.

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