Geneva Partners LLC Invests $2.13 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Geneva Partners LLC acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,254 shares of the company's stock, valued at approximately $2,125,000. Take-Two Interactive Software accounts for about 1.1% of Geneva Partners LLC's holdings, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Moody Lynn & Lieberson LLC boosted its position in Take-Two Interactive Software by 0.9% during the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock valued at $1,050,000 after purchasing an additional 45 shares during the last quarter. Adero Partners LLC boosted its position in Take-Two Interactive Software by 2.9% during the first quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after purchasing an additional 51 shares during the last quarter. State of Wyoming boosted its position in Take-Two Interactive Software by 13.0% during the fourth quarter. State of Wyoming now owns 522 shares of the company's stock valued at $96,000 after purchasing an additional 60 shares during the last quarter. Simon Quick Advisors LLC boosted its position in Take-Two Interactive Software by 4.0% during the first quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock valued at $348,000 after purchasing an additional 64 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its position in Take-Two Interactive Software by 3.2% during the first quarter. Kingswood Wealth Advisors LLC now owns 2,079 shares of the company's stock valued at $431,000 after purchasing an additional 64 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the president owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This trade represents a 15.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $6,093,552.32. Following the sale, the insider directly owned 152,271 shares in the company, 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 have sold a total of 460,378 shares of company stock valued at $103,915,994 in the last 90 days. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded up $1.67 during mid-day trading on Wednesday, hitting $242.23. 1,369,425 shares of the stock traded hands, compared to its average volume of 1,790,016. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.08. The company has a market cap of $42.98 billion, a PE ratio of -9.54, a price-to-earnings-growth ratio of 6.26 and a beta of 1.03. The firm has a 50 day simple moving average of $233.15 and a two-hundred day simple moving average of $212.30.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTWO. Robert W. Baird increased their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. 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 report on Friday, May 16th. Benchmark raised their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, 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 report on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $228.10.

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.