GAMMA Investing LLC Boosts Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

GAMMA Investing LLC lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 27,563.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 693,251 shares of the company's stock after acquiring an additional 690,745 shares during the period. GAMMA Investing LLC owned approximately 0.39% of Take-Two Interactive Software worth $143,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC boosted its position in Take-Two Interactive Software by 1,630,798.7% during the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after buying an additional 142,450,266 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock valued at $3,563,690,000 after buying an additional 99,909 shares during the period. Capital International Investors grew its position in shares of Take-Two Interactive Software by 9.5% during the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after acquiring an additional 424,893 shares during the period. Ameriprise Financial Inc. raised its position in shares of 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 valued at $878,567,000 after purchasing an additional 13,555 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Take-Two Interactive Software by 6.8% in 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 purchasing an additional 287,194 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TTWO shares. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their target price on 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. BMO Capital Markets reaffirmed an "outperform" rating and issued 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. Wall Street Zen cut shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Moffett Nathanson raised their target price on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software Trading Up 0.8%

Shares of TTWO stock traded up $1.79 during trading hours on Thursday, reaching $230.97. 654,025 shares of the stock were exchanged, compared to its average volume of 1,745,193. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $240.78. The company's 50-day moving average price is $219.67 and its 200-day moving average price is $203.37. The firm has a market capitalization of $40.98 billion, a price-to-earnings ratio of -10.82, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 152,271 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the transaction, the chief executive officer now directly owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 460,378 shares of company stock valued at $103,915,994. Insiders own 1.45% of the company's stock.

About Take-Two Interactive Software

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.