Geneva Partners LLC Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Geneva Partners LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 portfolio, making the stock its 28th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Davis R M Inc. increased its holdings in shares of Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company's stock valued at $42,233,000 after purchasing an additional 10,701 shares during the period. Clarius Group LLC acquired a new position in Take-Two Interactive Software during the 1st quarter valued at about $404,000. Landscape Capital Management L.L.C. bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $1,442,000. Mackenzie Financial Corp boosted its holdings in shares of Take-Two Interactive Software by 13.2% in the fourth quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock valued at $2,890,000 after acquiring an additional 1,833 shares in the last quarter. Finally, Stonebridge Financial Group LLC increased its stake in shares of Take-Two Interactive Software by 3,986.2% during the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock valued at $246,000 after acquiring an additional 1,156 shares during the period. Institutional investors own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the sale, the insider directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction that occurred 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 sale, the president directly owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,378 shares of company stock valued at $103,915,994. Insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush raised Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. 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. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird lifted 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 research note on Friday, May 16th. Finally, UBS Group increased their target price on shares of 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. One analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Stock Down 0.6%

NASDAQ TTWO traded down $1.41 during trading on Friday, reaching $233.92. 1,429,403 shares of the company's stock were exchanged, compared to its average volume of 1,788,936. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.08. The company's fifty day simple moving average is $233.44 and its 200-day simple moving average is $212.99. The firm has a market capitalization of $41.50 billion, a PE ratio of -9.21, a P/E/G ratio of 6.13 and a beta of 1.03.

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.