Simplicity Solutions LLC Acquires 550 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Simplicity Solutions LLC raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,706 shares of the company’s stock after acquiring an additional 550 shares during the period. Simplicity Solutions LLC’s holdings in Take-Two Interactive Software were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its position in shares of Take-Two Interactive Software by 110.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares during the period. CVA Family Office LLC acquired a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. NBC Securities Inc. acquired a new position in Take-Two Interactive Software in the 3rd quarter worth $27,000. BluePath Capital Management LLC acquired a new position in Take-Two Interactive Software in the 3rd quarter worth $30,000. Finally, Whittier Trust Co. bought a new position in Take-Two Interactive Software during the 3rd quarter worth about $30,000. 95.46% of the stock is currently owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $145.30 on Tuesday. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The company’s 50-day moving average price is $150.39 and its two-hundred day moving average price is $152.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

TTWO has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Jefferies Financial Group started coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They set a “buy” rating and a $195.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Benchmark raised their target price on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $176.39.

Take-Two Interactive Software Company Profile

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.