Equitable Trust Co. Purchases New Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Equitable Trust Co. acquired 1,375 shares of Take-Two Interactive Software, Inc. for approximately $285,000 during the first quarter.
• Insider trading activity included CEO Strauss Zelnick and President Karl Slatoff selling 216,661 shares each, indicating a significant reduction in their ownership by 15.22%.
• Analyst ratings for Take-Two show a mix of opinions, with BMO Capital Markets setting a new price target of $236.00 while UBS increased its target to $275.00.

Equitable Trust Co. acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,375 shares of the company's stock, valued at approximately $285,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC boosted its holdings in Take-Two Interactive Software by 0.9% during the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock valued at $1,050,000 after purchasing an additional 45 shares in the last quarter. Adero Partners LLC boosted its stake in Take-Two Interactive Software by 2.9% in the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after buying an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after acquiring an additional 57 shares during the period. State of Wyoming raised its stake in Take-Two Interactive Software by 13.0% during the fourth quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after acquiring an additional 60 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 4.0% in the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock valued at $348,000 after purchasing an additional 64 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the sale, the insider directly owned 152,271 shares in the company, valued at $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the sale, the chief executive officer owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,792 shares of company stock worth $104,014,443. 1.45% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $1.13 during midday trading on Wednesday, reaching $225.11. 294,412 shares of the company were exchanged, compared to its average volume of 2,023,732. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.07. The firm has a market capitalization of $39.94 billion, a price-to-earnings ratio of -8.87, a price-to-earnings-growth ratio of 5.88 and a beta of 1.03. The business has a 50-day moving average price of $233.91 and a two-hundred day moving average price of $217.05. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TTWO shares. Raymond James Financial reissued an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Citigroup boosted their target price on Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Benchmark raised their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research note on Monday. They issued an "overweight" rating and a $265.00 price objective on the stock. Finally, Morgan Stanley increased their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $234.05.

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.