Strategic Planning Group LLC Has $7.52 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Strategic Planning Group LLC lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,375 shares of the company’s stock after buying an additional 7,146 shares during the period. Strategic Planning Group LLC’s holdings in Take-Two Interactive Software were worth $7,521,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $29,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $34,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after buying an additional 93 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTWO shares. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a report on Tuesday, February 10th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Take-Two Interactive Software Stock Up 0.5%

Shares of TTWO stock opened at $221.47 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day moving average is $207.85 and its 200-day moving average is $226.84. The stock has a market cap of $41.01 billion, a price-to-earnings ratio of -9.90, a PEG ratio of 3.29 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the sale, the director directly owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Dornemann sold 1,390 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares in the company, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,292 shares of company stock worth $13,978,938 in the last 90 days. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.