Oppenheimer Asset Management Inc. Trims Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Oppenheimer Asset Management Inc. trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.6% in the 1st quarter, HoldingsChannel reports. The fund owned 19,583 shares of the company’s stock after selling 2,828 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $4,059,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Assetmark Inc. boosted its stake in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after buying an additional 106 shares during the period. Global Financial Private Client LLC boosted its stake in Take-Two Interactive Software by 50.0% during the first quarter. Global Financial Private Client LLC now owns 237 shares of the company’s stock worth $49,000 after buying an additional 79 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Take-Two Interactive Software by 41.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company’s stock valued at $45,000 after acquiring an additional 72 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Take-Two Interactive Software during the first quarter valued at about $55,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on TTWO shares. DA Davidson upped their price objective 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. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Morgan Stanley raised their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Benchmark boosted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Raymond James Financial reissued an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $228.10.

Insider Buying and Selling

In related news, CEO Strauss Zelnick 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 value of $48,911,220.75. Following the transaction, the chief executive officer now directly owns 1,206,427 shares of the company’s stock, valued at $272,350,895.25. This trade represents a 15.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 460,378 shares of company stock worth $103,915,994 over the last 90 days. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Trading Down 0.6%

NASDAQ:TTWO opened at $241.64 on Thursday. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.08. The stock has a market cap of $42.87 billion, a P/E ratio of -9.52, a P/E/G ratio of 5.93 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50-day simple moving average of $228.78 and a 200-day simple moving average of $208.49.

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.