Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 27.2% in the first quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Wealthfront Advisers LLC lifted its position in Take-Two Interactive Software by 1,630,798.7% during the fourth 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 during the period. Norges Bank acquired a new position in shares of Take-Two Interactive Software in the fourth quarter worth about $495,086,000. GAMMA Investing LLC raised its position in shares of Take-Two Interactive Software by 27,563.6% in the first quarter. GAMMA Investing LLC now owns 693,251 shares of the company’s stock worth $143,676,000 after acquiring an additional 690,745 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Take-Two Interactive Software in the fourth quarter worth about $115,133,000. Finally, Alyeska Investment Group L.P. raised its position in shares of Take-Two Interactive Software by 74.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock worth $247,983,000 after acquiring an additional 574,326 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff 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 sale, the president owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the 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 directly owned 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 460,378 shares of company stock worth $103,915,994. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Up 0.5%

TTWO stock opened at $240.78 on Friday. The company has a market cap of $42.72 billion, a price-to-earnings ratio of -9.48, a PEG ratio of 6.23 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08. The firm has a 50-day moving average of $232.13 and a two-hundred day moving average of $210.68.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. DA Davidson upped 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 research 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 research report on Wednesday, May 21st. Robert W. Baird upped their price objective on shares of 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. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus target price of $228.10.

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.