Forge First Asset Management Inc. Takes Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Forge First Asset Management Inc. acquired a new stake in Take-Two Interactive Software, Inc., purchasing 33,076 shares valued at approximately $6.86 million, making it the firm's 13th largest holding.
• Several large investors have recently adjusted their positions in Take-Two, with 95.46% of the company's stock currently owned by institutional investors and hedge funds.
• Insider trading revealed that both the President and CEO of Take-Two sold 216,661 shares each at an average price of $225.75, resulting in a 15.22% decrease in their positions.

Forge First Asset Management Inc. bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,076 shares of the company's stock, valued at approximately $6,855,000. Take-Two Interactive Software comprises approximately 2.9% of Forge First Asset Management Inc.'s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in Take-Two Interactive Software by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock valued at $1,110,510,000 after buying an additional 89,093 shares during the period. Capital International Investors boosted its holdings in Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares in the last quarter. Ameriprise Financial Inc. increased its position in Take-Two Interactive Software by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after purchasing an additional 13,555 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Take-Two Interactive Software by 6.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock worth $833,470,000 after buying an additional 287,194 shares in the last quarter. Finally, First Manhattan CO. LLC. grew its holdings in Take-Two Interactive Software by 5.4% during the fourth quarter. First Manhattan CO. LLC. now owns 2,250,602 shares of the company's stock worth $417,713,000 after acquiring an additional 115,928 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TTWO shares. UBS Group raised their price objective 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. DA Davidson lifted their price objective on shares of 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. Citigroup upped their price objective on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on 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. Finally, Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.05.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded up $5.41 during midday trading on Monday, reaching $225.99. 1,873,561 shares of the stock were exchanged, compared to its average volume of 1,727,985. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.07. The company's fifty day moving average is $233.70 and its 200-day moving average is $218.18. 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 firm has a market cap of $41.69 billion, a PE ratio of -8.90, a PEG ratio of 5.66 and a beta of 0.99.

Insider Buying and Selling at Take-Two Interactive Software

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 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 directly owned 152,271 shares in the company, valued at $34,294,474.62. The trade was a 15.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred 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 owned 1,206,427 shares in the company, valued at $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.34% of the company's stock.

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.