Conway Capital Management Inc. Invests $297,000 in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

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

A number of other hedge funds also recently made changes to their positions in TTWO. Davis R M Inc. raised its stake in Take-Two Interactive Software by 4.9% in the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company's stock valued at $42,233,000 after purchasing an additional 10,701 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $1,442,000. Mackenzie Financial Corp lifted its stake in Take-Two Interactive Software by 13.2% in the fourth quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after purchasing an additional 1,833 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Take-Two Interactive Software by 8.4% during the fourth 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. Finally, Summit Place Financial Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth about $748,000. 95.46% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider now owns 152,271 shares of the company's stock, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction on 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 sale, the president now owns 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock worth $103,915,994 over the last quarter. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

TTWO stock traded up $0.98 during midday trading on Thursday, hitting $238.50. The company's stock had a trading volume of 2,510,019 shares, compared to its average volume of 1,754,895. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $242.09. The company has a 50 day moving average of $225.83 and a two-hundred day moving average of $206.70. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of -9.39, a price-to-earnings-growth ratio of 5.79 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TTWO shares. Robert W. Baird lifted their price target on 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. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Ascendiant Capital Markets boosted their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, UBS Group boosted their target price on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $228.10.

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.