Take-Two Interactive Software, Inc. $TTWO Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 948,391 shares of the company’s stock after selling 66,779 shares during the quarter. Bank of New York Mellon Corp’s holdings in Take-Two Interactive Software were worth $187,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after buying an additional 45 shares during the period. First Horizon Corp raised its holdings in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after acquiring an additional 46 shares during the period. Hunter Associates Investment Management LLC raised its holdings in shares of Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after acquiring an additional 48 shares during the period. Mayflower Financial Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after acquiring an additional 48 shares during the period. Finally, Independence Bank of Kentucky lifted its position in shares of Take-Two Interactive Software by 3.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock valued at $363,000 after acquiring an additional 50 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $236.68 on Friday. The company has a market capitalization of $43.94 billion, a PE ratio of -146.10, a PEG ratio of 4.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The company’s 50 day moving average price is $233.39 and its 200 day moving average price is $222.73. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 4,419 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the transaction, the insider directly owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the transaction, the president owned 40,358 shares in the company, valued at approximately $8,720,960.22. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TTWO has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. BTIG Research restated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Bank of America lifted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $293.00.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.