Empower Advisory Group LLC Takes $269,000 Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Empower Advisory Group LLC acquired a new position in Take-Two Interactive Software, purchasing 1,299 shares valued at approximately $269,000 during the first quarter.
• Wall Street analysts have positively rated Take-Two Interactive, with price target increases from firms like Citigroup and JPMorgan Chase, setting new targets between $250.00 and $270.00.
• Insider selling activity includes a significant sale by CEO Strauss Zelnick and insider Daniel P. Emerson, together totaling over $54 million in shares sold.

Empower Advisory Group LLC acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,299 shares of the company's stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moody Lynn & Lieberson LLC raised its holdings in Take-Two Interactive Software by 0.9% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock worth $1,050,000 after acquiring an additional 45 shares during the last quarter. Adero Partners LLC raised its holdings in Take-Two Interactive Software by 2.9% in the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock worth $370,000 after acquiring an additional 51 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after acquiring an additional 57 shares during the last quarter. State of Wyoming raised its holdings in Take-Two Interactive Software by 13.0% in the 4th quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after acquiring an additional 60 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in Take-Two Interactive Software by 4.0% in the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after acquiring an additional 64 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup boosted their price objective on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley increased their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company started coverage on Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $234.05.

Take-Two Interactive Software Trading Down 0.3%

Shares of Take-Two Interactive Software stock opened at $226.49 on Friday. The company has a market capitalization of $41.78 billion, a P/E ratio of -8.92, a P/E/G ratio of 5.75 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The company has a fifty day moving average of $233.71 and a 200 day moving average of $218.84. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.07.

Insider Activity

In related news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction on Monday, June 2nd. The shares were 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 owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Strauss Zelnick 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 transaction of $48,911,220.75. Following the completion of the transaction, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,792 shares of company stock worth $104,014,443. 1.34% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.