Davis R M Inc. Grows Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Davis R M Inc. increased its stake in Take-Two Interactive Software by 3.9% in the first quarter, acquiring an additional 9,049 shares to reach a total of 238,475 shares valued at approximately $49.4 million.
• Insider selling was evident as Director Ellen F. Siminoff sold 414 shares at an average price of $237.80, while another insider, Daniel P. Emerson, sold 27,056 shares for over $6 million.
• Several analysts recently adjusted their ratings on Take-Two Interactive, with Morgan Stanley raising its price target to $265 and BMO Capital Markets issuing a target of $236, while the consensus rating remains a "Moderate Buy".

Davis R M Inc. raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,475 shares of the company's stock after buying an additional 9,049 shares during the quarter. Davis R M Inc. owned about 0.14% of Take-Two Interactive Software worth $49,424,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in Take-Two Interactive Software during the 4th quarter valued at approximately $28,000. North Capital Inc. purchased a new position in Take-Two Interactive Software during the 1st quarter valued at approximately $35,000. Graybill Wealth Management LTD. purchased a new position in Take-Two Interactive Software during the 1st quarter valued at approximately $37,000. Cullen Frost Bankers Inc. grew its holdings in Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after buying an additional 57 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in Take-Two Interactive Software by 41.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTWO. Morgan Stanley raised their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. DA Davidson raised their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wedbush raised Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average target price of $234.05.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 414 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the transaction, the director owned 3,290 shares of the company's stock, valued at $782,362. The trade was a 11.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 460,792 shares of company stock worth $104,014,443. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $223.81 on Thursday. The stock has a market cap of $41.29 billion, a PE ratio of -8.81, a price-to-earnings-growth ratio of 5.75 and a beta of 1.03. The business has a 50-day simple moving average of $233.85 and a 200-day simple moving average of $217.10. 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 52-week low of $135.24 and a 52-week high of $245.07.

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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