Conway Capital Management Inc. Takes Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Conway Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,435 shares of the company's stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTWO. First Horizon Advisors Inc. boosted its position in shares of Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after acquiring an additional 54 shares during the last quarter. Principal Securities Inc. grew its position in shares of Take-Two Interactive Software by 6.0% during the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock valued at $189,000 after purchasing an additional 58 shares in the last quarter. State of Wyoming increased its holdings in shares of Take-Two Interactive Software by 13.0% in the fourth quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after purchasing an additional 60 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 4.0% in the first quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after purchasing an additional 64 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after buying an additional 72 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Daniel P. Emerson sold 27,056 shares of the business's 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction dated 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 completion of the sale, the president now 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 three months. 1.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TTWO shares. UBS Group lifted their price objective on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Robert W. Baird raised 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 report on Friday, May 16th. Raymond James reiterated an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Wall Street Zen cut 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 assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded up $8.37 on Monday, reaching $238.60. 2,218,722 shares of the company's stock traded hands, compared to its average volume of 1,746,841. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $240.78. The stock has a 50 day moving average price of $223.78 and a 200-day moving average price of $205.91. The firm has a market cap of $42.33 billion, a price-to-earnings ratio of -11.19, a P/E/G ratio of 6.83 and a beta of 1.03.

About Take-Two Interactive Software

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.