Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,132 shares of the company's stock after selling 69,112 shares during the period. Congress Asset Management Co. owned 0.33% of Take-Two Interactive Software worth $107,527,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TTWO. Avestar Capital LLC purchased a new position in Take-Two Interactive Software during the fourth quarter worth approximately $218,000. Stanley Laman Group Ltd. increased its holdings in shares of Take-Two Interactive Software by 1.0% during the 4th quarter. Stanley Laman Group Ltd. now owns 35,261 shares of the company's stock worth $6,491,000 after buying an additional 340 shares during the last quarter. MFG Wealth Management Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $1,121,000. Van ECK Associates Corp boosted its holdings in Take-Two Interactive Software by 4.6% in the fourth quarter. Van ECK Associates Corp now owns 252,233 shares of the company's stock valued at $46,431,000 after acquiring an additional 11,033 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Take-Two Interactive Software by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,667 shares of the company's stock valued at $24,104,000 after acquiring an additional 2,585 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Down 0.6 %

Shares of NASDAQ:TTWO traded down $1.20 during midday trading on Wednesday, reaching $215.18. The company had a trading volume of 1,582,105 shares, compared to its average volume of 1,834,584. The stock has a market capitalization of $37.98 billion, a P/E ratio of -10.09, a PEG ratio of 6.52 and a beta of 0.89. The stock's fifty day moving average price is $189.11 and its 200-day moving average price is $171.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $218.75.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. BMO Capital Markets restated an "outperform" rating and issued a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Citigroup boosted their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Oppenheimer raised their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, January 21st. Finally, Roth Mkm upped their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $210.55.

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.