MBB Public Markets I LLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,515 shares of the company’s stock, valued at approximately $314,000.
Other institutional investors have also recently bought and sold shares of the company. Clarius Group LLC acquired a new stake in Take-Two Interactive Software during the first quarter worth $404,000. Mackenzie Financial Corp boosted its stake in Take-Two Interactive Software by 13.2% during the fourth quarter. Mackenzie Financial Corp now owns 15,698 shares of the company’s stock worth $2,890,000 after buying an additional 1,833 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in Take-Two Interactive Software by 14.1% during the first quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company’s stock worth $60,645,000 after buying an additional 36,112 shares in the last quarter. Stonebridge Financial Group LLC boosted its stake in Take-Two Interactive Software by 3,986.2% during the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company’s stock worth $246,000 after buying an additional 1,156 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Take-Two Interactive Software by 8.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company’s stock worth $2,910,000 after buying an additional 1,231 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Down 0.4%
Shares of NASDAQ:TTWO opened at $247.86 on Wednesday. Take-Two Interactive Software, Inc. has a 52 week low of $146.76 and a 52 week high of $250.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. The company’s fifty day moving average is $232.68 and its 200-day moving average is $224.70. The company has a market capitalization of $45.72 billion, a PE ratio of -10.35, a P/E/G ratio of 6.26 and a beta of 1.00.
Insiders Place Their Bets
In related news, Director Jon J. Moses sold 1,000 shares of Take-Two Interactive Software stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $239.57, for a total value of $239,570.00. Following the completion of the transaction, the director directly owned 21,901 shares of the company’s stock, valued at $5,246,822.57. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 22,479 shares of Take-Two Interactive Software stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the completion of the transaction, the insider directly owned 129,792 shares of the company’s stock, valued at $29,523,786.24. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 141,411 shares of company stock valued at $32,430,724 over the last three months. Company insiders own 1.34% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on TTWO shares. Raymond James Financial lifted their price target on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. UBS Group lifted their price target on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. DA Davidson lifted their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Zacks Research upgraded shares of Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Citigroup boosted their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.32.
View Our Latest Report on TTWO
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.
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