Chevy Chase Trust Holdings LLC Reduces Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Chevy Chase Trust Holdings LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,695 shares of the company’s stock after selling 1,118 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Take-Two Interactive Software worth $13,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. MCF Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at $26,000. Pin Oak Investment Advisors Inc. increased its holdings in Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TTWO shares. JPMorgan Chase & Co. boosted their price objective on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday. Roth Mkm reduced their target price on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 17th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research report on Monday, August 12th. Finally, Robert W. Baird lowered their target price on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.29.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now owns 64,173 shares in the company, valued at $10,724,591.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Stock Up 2.9 %

Shares of Take-Two Interactive Software stock traded up $4.49 on Wednesday, hitting $159.30. 984,094 shares of the company’s stock traded hands, compared to its average volume of 1,673,810. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27.92 billion, a P/E ratio of -7.28, a PEG ratio of 4.34 and a beta of 0.84. The firm’s 50-day moving average is $151.23 and its 200 day moving average is $150.77.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.