Wealthfront Advisers LLC Has $2.35 Million Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wealthfront Advisers LLC boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,353 shares of the company's stock after acquiring an additional 1,779 shares during the quarter. Wealthfront Advisers LLC's holdings in Take-Two Interactive Software were worth $2,353,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $28,000. North Capital Inc. acquired a new stake in shares of Take-Two Interactive Software in the first quarter valued at $35,000. Graybill Wealth Management LTD. acquired a new stake in shares of Take-Two Interactive Software in the first quarter valued at $37,000. Itau Unibanco Holding S.A. increased its position in Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after purchasing an additional 72 shares during the period. Finally, Global Financial Private Client LLC increased its position in Take-Two Interactive Software by 50.0% in the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after purchasing an additional 79 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction on Monday, June 2nd. The stock was 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 directly owned 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the chief executive officer owned 1,206,427 shares of the company's stock, 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 have sold 460,792 shares of company stock valued at $104,014,443 in the last quarter. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $2.74 during trading on Friday, reaching $231.18. 3,170,418 shares of the company traded hands, compared to its average volume of 1,801,481. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.08. The firm has a market capitalization of $41.02 billion, a PE ratio of -9.11, a PEG ratio of 6.02 and a beta of 1.03. The company's 50 day moving average is $234.34 and its two-hundred day moving average is $214.95.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on 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. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Robert W. Baird lifted their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, UBS Group raised their target price on Take-Two Interactive Software from $230.00 to $275.00 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 issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $230.25.

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.