Janney Montgomery Scott LLC Reduces Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Janney Montgomery Scott LLC trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,527 shares of the company’s stock after selling 2,852 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Take-Two Interactive Software were worth $1,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conway Capital Management Inc. bought a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $297,000. Dynamic Advisor Solutions LLC acquired a new stake in Take-Two Interactive Software in the first quarter worth approximately $317,000. Everhart Financial Group Inc. lifted its position in Take-Two Interactive Software by 15.2% in the first quarter. Everhart Financial Group Inc. now owns 2,372 shares of the company’s stock worth $492,000 after purchasing an additional 313 shares during the period. Legacy Trust lifted its position in shares of Take-Two Interactive Software by 0.4% during the 1st quarter. Legacy Trust now owns 25,879 shares of the company’s stock valued at $5,363,000 after acquiring an additional 107 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Take-Two Interactive Software by 49.2% during the 1st quarter. Fifth Third Bancorp now owns 25,591 shares of the company’s stock valued at $5,304,000 after acquiring an additional 8,443 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Karl Slatoff sold 216,661 shares of the 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 transaction, the president now owns 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the 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 now directly owns 152,271 shares of the company’s stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,378 shares of company stock valued at $103,915,994. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTWO. Benchmark upped their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. UBS Group upped their price target on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, DA Davidson upped their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.10.

Take-Two Interactive Software Stock Down 1.0%

TTWO opened at $239.33 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock has a market cap of $42.46 billion, a price-to-earnings ratio of -9.43, a PEG ratio of 6.29 and a beta of 1.03. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.08. The company’s 50-day moving average price is $229.31 and its two-hundred day moving average price is $208.84.

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.