iA Global Asset Management Inc. Cuts Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

iA Global Asset Management Inc. trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 72.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,838 shares of the company's stock after selling 51,878 shares during the quarter. iA Global Asset Management Inc.'s holdings in Take-Two Interactive Software were worth $3,049,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TTWO. Hartford Investment Management Co. boosted its position in shares of Take-Two Interactive Software by 0.7% in the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company's stock worth $1,576,000 after purchasing an additional 74 shares in the last quarter. Huntington National Bank raised its holdings in Take-Two Interactive Software by 9.3% in the 3rd quarter. Huntington National Bank now owns 896 shares of the company's stock worth $138,000 after acquiring an additional 76 shares during the last quarter. Chicago Capital LLC raised its holdings in Take-Two Interactive Software by 2.9% in the 3rd quarter. Chicago Capital LLC now owns 2,983 shares of the company's stock worth $459,000 after acquiring an additional 85 shares during the last quarter. Studio Investment Management LLC raised its holdings in Take-Two Interactive Software by 3.9% in the 3rd quarter. Studio Investment Management LLC now owns 2,303 shares of the company's stock worth $354,000 after acquiring an additional 86 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Take-Two Interactive Software by 5.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,622 shares of the company's stock worth $249,000 after acquiring an additional 91 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now owns 149,379 shares of the company's stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Trading Down 1.0 %

Shares of NASDAQ:TTWO traded down $1.81 during trading on Monday, reaching $187.90. 1,420,493 shares of the company were exchanged, compared to its average volume of 1,598,249. The firm has a market capitalization of $33.00 billion, a PE ratio of -8.88, a P/E/G ratio of 5.89 and a beta of 0.88. The business's fifty day simple moving average is $169.42 and its 200-day simple moving average is $159.39. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TTWO. TD Cowen boosted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Wedbush reiterated an "outperform" rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Monday. Oppenheimer boosted their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, HSBC upgraded shares of Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 target price for the company in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.25.

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.