Envestnet Asset Management Inc. Trims Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Envestnet Asset Management Inc. lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,584 shares of the company’s stock after selling 12,518 shares during the period. Envestnet Asset Management Inc. owned 0.11% of Take-Two Interactive Software worth $50,531,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC lifted its stake in shares of Take-Two Interactive Software by 33.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,756 shares of the company’s stock valued at $712,000 after buying an additional 687 shares during the period. Penserra Capital Management LLC boosted its stake in Take-Two Interactive Software by 19.9% in the 3rd quarter. Penserra Capital Management LLC now owns 20,361 shares of the company’s stock worth $5,258,000 after buying an additional 3,374 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Take-Two Interactive Software by 10.0% in the 3rd quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock worth $135,000 after buying an additional 48 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Take-Two Interactive Software by 0.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 53,997 shares of the company’s stock valued at $13,951,000 after buying an additional 289 shares during the period. Finally, WCM Investment Management LLC increased its stake in shares of Take-Two Interactive Software by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 10,355 shares of the company’s stock valued at $2,692,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director directly owned 2,429 shares in the company, valued at $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,010 shares of company stock valued at $242,102. Insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTWO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Jefferies Financial Group upped their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $282.47.

Take-Two Interactive Software Stock Up 4.8%

Shares of NASDAQ TTWO opened at $205.03 on Tuesday. The stock has a fifty day moving average price of $241.95 and a 200 day moving average price of $242.65. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. The company has a market cap of $37.97 billion, a P/E ratio of -9.16, a P/E/G ratio of 10.79 and a beta of 0.92.

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.