Chicago Capital LLC Acquires 2,713 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Chicago Capital LLC lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 74.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,337 shares of the company's stock after purchasing an additional 2,713 shares during the period. Chicago Capital LLC's holdings in Take-Two Interactive Software were worth $1,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealthfront Advisers LLC boosted its holdings in shares of Take-Two Interactive Software by 1,630,798.7% during the fourth 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 period. Vanguard Group Inc. lifted its holdings in Take-Two Interactive Software by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after purchasing an additional 99,909 shares during the last quarter. Capital International Investors boosted its stake in Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares during the period. Ameriprise Financial Inc. boosted its stake in Take-Two Interactive Software by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after purchasing an additional 13,555 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Take-Two Interactive Software by 6.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock valued at $833,470,000 after buying an additional 287,194 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction 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 of the company's stock, valued at $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the chief executive officer now directly owns 1,206,427 shares of the company's stock, valued at approximately $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 a total of 460,378 shares of company stock valued at $103,915,994 in the last quarter. Insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TTWO shares. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen cut shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Ascendiant Capital Markets increased their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Finally, Benchmark boosted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software Price Performance

Shares of TTWO traded up $0.98 during mid-day trading on Thursday, reaching $238.50. The company had a trading volume of 2,510,019 shares, compared to its average volume of 1,754,895. The company has a market capitalization of $42.32 billion, a price-to-earnings ratio of -9.39, a P/E/G ratio of 5.82 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. The company's 50 day simple moving average is $226.51 and its 200 day simple moving average is $207.05. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $242.09.

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.