Howard Bailey Securities LLC Sells 492 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Howard Bailey Securities LLC reduced its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 32.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,012 shares of the company’s stock after selling 492 shares during the quarter. Howard Bailey Securities LLC’s holdings in Take-Two Interactive Software were worth $210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at about $28,000. Assetmark Inc. grew its holdings in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after purchasing an additional 106 shares during the period. Itau Unibanco Holding S.A. increased its stake in Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company’s stock valued at $45,000 after purchasing an additional 72 shares in the last quarter. Global Financial Private Client LLC raised its stake in Take-Two Interactive Software by 50.0% during the 1st 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. Finally, First Horizon Advisors Inc. raised its position in shares of Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after purchasing an additional 54 shares during the period. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Karl Slatoff sold 216,661 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the president now directly owns 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,378 shares of company stock worth $103,915,994. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TTWO shares. UBS Group raised their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. DA Davidson increased their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, Benchmark lifted their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $228.10.

Take-Two Interactive Software Stock Down 1.8%

Take-Two Interactive Software stock opened at $230.23 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50-day moving average is $223.78 and its 200-day moving average is $205.91. The firm has a market capitalization of $40.85 billion, a PE ratio of -10.79, a P/E/G ratio of 6.83 and a beta of 1.03. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $240.78.

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.