Canvas Wealth Advisors LLC Takes $361,000 Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Canvas Wealth Advisors LLC purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,720 shares of the company's stock, valued at approximately $361,000.

A number of other large investors also recently bought and sold shares of the business. First Horizon Advisors Inc. raised its stake in shares of Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after buying an additional 54 shares during the period. Wealthspire Advisors LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $261,000. Illinois Municipal Retirement Fund raised its position in Take-Two Interactive Software by 59.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 5,988 shares of the company's stock worth $1,102,000 after acquiring an additional 2,226 shares during the period. Lake Street Advisors Group LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth $221,000. Finally, Checchi Capital Advisers LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at $227,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wedbush reissued an "outperform" rating and set a $269.00 target price (up previously from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Raymond James Financial reiterated 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. Ascendiant Capital Markets increased their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley boosted their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Insider Buying and Selling

In related news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the president now directly owns 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,378 shares of company stock valued at $103,915,994. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Trading Down 1.0%

Shares of TTWO stock opened at $239.33 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $245.08. The firm has a market cap of $42.46 billion, a PE ratio of -9.43, a price-to-earnings-growth ratio of 6.29 and a beta of 1.03. The company has a 50-day moving average of $229.31 and a two-hundred day moving average of $208.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

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.

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