Take-Two Interactive Software, Inc. $TTWO Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC reduced its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 42.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,344 shares of the company’s stock after selling 3,241 shares during the period. Kestra Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. Resona Asset Management Co. Ltd. grew its stake in Take-Two Interactive Software by 1.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 57,805 shares of the company’s stock valued at $11,367,000 after acquiring an additional 879 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its stake in Take-Two Interactive Software by 5.7% in the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after purchasing an additional 52 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich boosted its holdings in shares of Take-Two Interactive Software by 111.5% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 14,377 shares of the company’s stock worth $2,839,000 after purchasing an additional 7,579 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Take-Two Interactive Software by 0.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,910 shares of the company’s stock worth $3,932,000 after purchasing an additional 72 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its position in shares of Take-Two Interactive Software by 18.5% in the first quarter. Frank Rimerman Advisors LLC now owns 2,050 shares of the company’s stock valued at $405,000 after purchasing an additional 320 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTWO has been the subject of several recent research reports. BMO Capital Markets increased their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Bank of America upped their target price 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. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $294.44.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 in the last ninety days. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Up 0.6%

Shares of NASDAQ TTWO opened at $231.65 on Friday. The company has a market capitalization of $43.01 billion, a P/E ratio of -142.99, a P/E/G ratio of 4.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50 day simple moving average of $233.61 and a 200-day simple moving average of $221.98. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94.

Take-Two Interactive Software Profile

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.