Wellington Management Group LLP Sells 32,583 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wellington Management Group LLP trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 7.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 420,965 shares of the company's stock after selling 32,583 shares during the period. Wellington Management Group LLP owned 0.24% of Take-Two Interactive Software worth $64,707,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of Take-Two Interactive Software by 488.7% in the first quarter. Cetera Investment Advisers now owns 13,281 shares of the company's stock worth $1,972,000 after acquiring an additional 11,025 shares during the period. Cetera Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 68.3% in the 1st quarter. Cetera Advisors LLC now owns 2,210 shares of the company's stock valued at $328,000 after purchasing an additional 897 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Take-Two Interactive Software by 9.1% during the second quarter. Sequoia Financial Advisors LLC now owns 3,158 shares of the company's stock worth $491,000 after buying an additional 264 shares during the period. Wedmont Private Capital bought a new position in Take-Two Interactive Software during the second quarter worth $318,000. Finally, 180 Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the second quarter valued at $249,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

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 completion of the transaction, the insider now owns 149,379 shares of the company's stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO traded up $5.10 during trading hours on Wednesday, reaching $190.46. 1,489,225 shares of the stock traded hands, compared to its average volume of 1,595,932. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $33.45 billion, a price-to-earnings ratio of -8.88, a price-to-earnings-growth ratio of 5.89 and a beta of 0.88. The stock has a 50 day simple moving average of $170.80 and a two-hundred day simple moving average of $159.86. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $191.91.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTWO. Benchmark increased their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a "buy" rating and a $194.00 price objective on the stock. Citigroup boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group upped their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Bank of America reiterated a "buy" rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $195.50.

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.