BSW Wealth Partners Buys New Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

BSW Wealth Partners acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,064 shares of the company's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. Davis R M Inc. grew its holdings in shares of Take-Two Interactive Software by 4.9% during the 4th quarter. Davis R M Inc. now owns 229,426 shares of the company's stock worth $42,233,000 after purchasing an additional 10,701 shares during the period. Clarius Group LLC acquired a new position in Take-Two Interactive Software during the 1st quarter worth approximately $404,000. Landscape Capital Management L.L.C. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $1,442,000. Mackenzie Financial Corp raised its position in shares of Take-Two Interactive Software by 13.2% in the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock valued at $2,890,000 after purchasing an additional 1,833 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Take-Two Interactive Software by 8.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock valued at $2,910,000 after purchasing an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Up 0.9%

NASDAQ:TTWO traded up $2.11 during trading hours on Friday, hitting $241.44. 4,576,616 shares of the company's stock traded hands, compared to its average volume of 1,776,799. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.08. The stock's fifty day moving average price is $229.88 and its two-hundred day moving average price is $209.36. The firm has a market cap of $42.84 billion, a P/E ratio of -9.51, a P/E/G ratio of 6.28 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTWO. UBS Group boosted their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Morgan Stanley upped their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. DA Davidson upped their price objective on 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. Robert W. Baird upped their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Raymond James Financial restated an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $228.10.

Insider Activity

In other news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the 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 transaction, the insider now directly owns 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 460,378 shares of company stock valued at $103,915,994. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Company 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.