Exchange Traded Concepts LLC Sells 9,913 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Exchange Traded Concepts LLC lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.3% during the 4th quarter, Holdings Channel reports. The fund owned 51,060 shares of the company’s stock after selling 9,913 shares during the period. Exchange Traded Concepts LLC’s holdings in Take-Two Interactive Software were worth $9,399,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hartford Investment Management Co. boosted its stake in Take-Two Interactive Software by 0.7% during the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after purchasing an additional 74 shares during the last quarter. Huntington National Bank boosted its position in shares of Take-Two Interactive Software by 9.3% during the third quarter. Huntington National Bank now owns 896 shares of the company’s stock valued at $138,000 after buying an additional 76 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Take-Two Interactive Software by 1.8% during the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock worth $691,000 after buying an additional 79 shares in the last quarter. Chicago Capital LLC raised its position 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 valued at $459,000 after buying an additional 85 shares during the last quarter. Finally, Studio Investment Management LLC raised its position 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 valued at $354,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.9 %

Take-Two Interactive Software stock opened at $185.49 on Friday. The firm has a 50 day simple moving average of $185.46 and a 200 day simple moving average of $165.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $192.14.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’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 completion of the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the transaction, the insider now directly 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTWO. Oppenheimer upped their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. TD Cowen upped their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird lifted their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.58.

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.