Empirical Finance LLC Purchases 2,231 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Empirical Finance LLC increased its stake in Take-Two Interactive Software by 46.3%, now holding 7,046 shares valued at $1.46 million.
• Insider selling has occurred, with notable transactions including Daniel P. Emerson selling 27,056 shares and Karl Slatoff selling 216,661 shares, reducing their stakes significantly.
• Wall Street analysts show varied sentiment on Take-Two Interactive, with price targets ranging from $210 to $270 and a consensus rating of "Moderate Buy."

Empirical Finance LLC increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 46.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,046 shares of the company's stock after acquiring an additional 2,231 shares during the period. Empirical Finance LLC's holdings in Take-Two Interactive Software were worth $1,460,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Park Square Financial Group LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $28,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software during the first quarter worth approximately $35,000. Graybill Wealth Management LTD. acquired a new position in shares of Take-Two Interactive Software during the first quarter worth approximately $37,000. Cullen Frost Bankers Inc. lifted its position in shares of Take-Two Interactive Software by 46.0% during the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after purchasing an additional 57 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Take-Two Interactive Software by 50.0% during the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after purchasing an additional 79 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TTWO shares. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a research report on Tuesday, July 1st. DA Davidson upped their target price on shares of 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 upped their target price on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. boosted 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, Raymond James Financial reissued an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software 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, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $234.05.

Insider Buying and Selling at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction on Friday, May 30th. The shares were 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 owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction 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 approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 in the last three months. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Down 0.9%

NASDAQ TTWO traded down $2.12 during trading on Tuesday, hitting $223.98. The stock had a trading volume of 1,716,952 shares, compared to its average volume of 2,030,822. The company has a market capitalization of $39.74 billion, a PE ratio of -8.82, a P/E/G ratio of 5.85 and a beta of 1.03. The company's 50-day moving average price is $234.18 and its two-hundred day moving average price is $217.01. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.07.

Take-Two Interactive Software 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.