Cetera Investment Advisers Has $3.77 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cetera Investment Advisers cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,164 shares of the company’s stock after selling 1,215 shares during the period. Cetera Investment Advisers’ holdings in Take-Two Interactive Software were worth $3,765,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TTWO. GAMMA Investing LLC increased its stake in shares of Take-Two Interactive Software by 27,563.6% during the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company’s stock worth $143,676,000 after purchasing an additional 690,745 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Take-Two Interactive Software by 74.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock worth $247,983,000 after purchasing an additional 574,326 shares during the last quarter. Capital International Investors increased its stake in shares of Take-Two Interactive Software by 9.5% during the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock worth $899,036,000 after purchasing an additional 424,893 shares during the last quarter. FMR LLC boosted its holdings in shares of Take-Two Interactive Software by 67.7% during the 4th quarter. FMR LLC now owns 960,654 shares of the company’s stock worth $176,837,000 after buying an additional 387,923 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Take-Two Interactive Software by 1,112.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 366,853 shares of the company’s stock worth $76,030,000 after buying an additional 336,598 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTWO. Robert W. Baird lifted their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. DA Davidson lifted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Morgan Stanley lifted their target price on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Finally, Wells Fargo & Company began coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They set an “overweight” rating and a $265.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.05.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the company’s 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total transaction of $98,449.20. Following the transaction, the director owned 3,290 shares of the company’s stock, valued at approximately $782,362. This represents a 11.18% 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. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Price Performance

TTWO stock opened at $225.99 on Tuesday. The company has a 50 day simple moving average of $233.72 and a 200 day simple moving average of $218.45. The stock has a market cap of $41.69 billion, a price-to-earnings ratio of -8.90, a P/E/G ratio of 5.66 and a beta of 0.99. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.07. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

Take-Two Interactive Software Profile

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.