Chapin Davis Inc. Invests $3.35 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Chapin Davis Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,160 shares of the company's stock, valued at approximately $3,349,000. Take-Two Interactive Software comprises approximately 1.1% of Chapin Davis Inc.'s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its holdings in shares of Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after acquiring an additional 142,450,266 shares during the last quarter. Norges Bank bought a new stake in Take-Two Interactive Software in the fourth quarter worth $495,086,000. GAMMA Investing LLC lifted its stake in Take-Two Interactive Software by 27,563.6% in the first quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock worth $143,676,000 after purchasing an additional 690,745 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Take-Two Interactive Software in the fourth quarter worth $115,133,000. Finally, Alyeska Investment Group L.P. lifted its stake in Take-Two Interactive Software by 74.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock worth $247,983,000 after purchasing an additional 574,326 shares during the last quarter. Institutional investors own 95.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TTWO shares. Ascendiant Capital Markets boosted their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley boosted their price objective 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. DA Davidson boosted their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. UBS Group upped their price target on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software Stock Down 0.1%

NASDAQ:TTWO opened at $238.37 on Monday. The firm has a market cap of $42.29 billion, a P/E ratio of -9.39, a P/E/G ratio of 5.81 and a beta of 1.03. 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 fifty-two week low of $135.24 and a fifty-two week high of $242.28. The firm has a 50-day simple moving average of $227.03 and a two-hundred day simple moving average of $207.65.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the firm'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 president now directly owns 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction 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 sale, the insider now directly owns 152,271 shares of the company's stock, 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. Insiders sold 460,378 shares of company stock valued at $103,915,994 over the last 90 days. Corporate 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.

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