Central Asset Investments & Management Holdings HK Ltd Buys Shares of 3,400 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Take-Two Interactive Software, Inc., purchasing 3,400 shares valued at approximately $705,000, making it the company's 20th largest holding.
• Wall Street analysts have increased their target prices for Take-Two Interactive, with UBS raising it to $285.00 and Morgan Stanley to $265.00, reflecting a generally positive outlook on the company.
• Insider trading activity is notable, with Director Ellen F. Siminoff selling 414 shares and insider Daniel P. Emerson selling over 27,000 shares, indicating decreased ownership by key company figures.

Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,400 shares of the company's stock, valued at approximately $705,000. Take-Two Interactive Software accounts for about 1.2% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software in the fourth quarter valued at about $28,000. North Capital Inc. bought a new stake in Take-Two Interactive Software in the first quarter valued at about $35,000. Graybill Wealth Management LTD. bought a new stake in Take-Two Interactive Software in the first quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new stake in Take-Two Interactive Software in the first quarter valued at about $37,000. Finally, Cullen Frost Bankers Inc. increased its stake 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. Institutional investors own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction that occurred on 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 directly owned 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the completion of the transaction, the director owned 3,290 shares in the company, valued at $782,362. This represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 460,792 shares of company stock valued at $104,014,443. 1.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTWO. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They issued an "overweight" rating and a $265.00 target price on the stock. Robert W. Baird upped their price objective on shares of 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. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Finally, Wedbush upped their price objective on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $245.60.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded down $2.98 during trading hours on Thursday, reaching $233.16. 1,687,967 shares of the company were exchanged, compared to its average volume of 2,075,904. Take-Two Interactive Software, Inc. has a fifty-two week low of $145.50 and a fifty-two week high of $245.07. The stock's fifty day moving average is $233.69 and its two-hundred day moving average is $220.30. The company has a market cap of $43.01 billion, a price-to-earnings ratio of -9.74, a P/E/G ratio of 5.94 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The company had revenue of $1,503,800 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned ($1.52) earnings per share. Take-Two Interactive Software's quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Take-Two Interactive Software 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.