Maxi Investments CY Ltd Purchases Shares of 15,300 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Maxi Investments CY Ltd acquired 15,300 shares of Take-Two Interactive Software, valued at approximately $3.17 million.
• Analysts have raised their price targets for Take-Two, with DA Davidson and UBS Group setting new targets at $270 and $275 respectively, both maintaining "buy" ratings.
• Insiders at Take-Two sold a total of 460,792 shares in the last quarter, indicating a significant decrease in their holdings.

Maxi Investments CY Ltd acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,300 shares of the company's stock, valued at approximately $3,171,000.

Other large investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $28,000. North Capital Inc. purchased a new stake in shares of Take-Two Interactive Software during the first quarter worth about $35,000. Graybill Wealth Management LTD. bought a new stake in Take-Two Interactive Software during the 1st quarter valued at approximately $37,000. Cullen Frost Bankers Inc. lifted its holdings in Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after purchasing an additional 57 shares in the last quarter. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Take-Two Interactive Software during the first quarter worth $43,000. 95.46% of the stock is currently owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the sale, the insider directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the company'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 transaction of $48,911,220.75. Following the completion of the sale, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock valued at $104,014,443 in the last quarter. Corporate insiders own 1.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley increased their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. UBS Group boosted their price target on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company began coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They set an "overweight" rating and a $265.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $234.05.

Take-Two Interactive Software Trading Down 0.3%

Shares of NASDAQ:TTWO traded down $0.72 on Thursday, hitting $226.49. 2,214,254 shares of the company's stock were exchanged, compared to its average volume of 1,750,007. The business's 50 day simple moving average is $233.71 and its two-hundred day simple moving average is $218.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $41.78 billion, a price-to-earnings ratio of -8.92, a price-to-earnings-growth ratio of 5.75 and a beta of 0.99. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.07.

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.