Chung Wu Investment Group LLC bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,680 shares of the company's stock, valued at approximately $348,000.
Other institutional investors also recently modified their holdings of the company. Davis R M Inc. grew its position 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 buying an additional 10,701 shares during the period. Clarius Group LLC bought a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $404,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $1,442,000. Mackenzie Financial Corp boosted its holdings 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 buying an additional 1,833 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings 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 buying an additional 1,231 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Take-Two Interactive Software
In related news, insider Daniel P. Emerson sold 27,056 shares of the business'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 directly owns 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the firm'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 president 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 460,378 shares of company stock worth $103,915,994. Corporate insiders own 1.45% of the company's stock.
Analysts Set New Price Targets
TTWO has been the subject of several recent analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. DA Davidson increased their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Morgan Stanley increased their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Benchmark raised their price objective 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 analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average price target of $228.10.
View Our Latest Research Report on Take-Two Interactive Software
Take-Two Interactive Software Stock Performance
Take-Two Interactive Software stock traded up $2.11 during midday trading on Friday, reaching $241.44. The stock had a trading volume of 4,576,616 shares, compared to its average volume of 1,776,799. The firm has a market capitalization of $42.84 billion, a PE ratio of -9.51, a P/E/G ratio of 6.28 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm's 50-day moving average price is $229.88 and its 200 day moving average price is $209.50. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08.
Take-Two Interactive Software Profile
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Free Report)
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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