HB Wealth Management LLC Boosts Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• HB Wealth Management LLC increased its stake in Take-Two Interactive Software, Inc. by 88.6% during the first quarter, holding a total of 6,659 shares valued at approximately $1.38 million.
• Insider sales have occurred recently, with President Karl Slatoff selling 216,661 shares, reflecting a 15.22% decrease in his position, while insider Daniel P. Emerson sold 27,056 shares.
• Analysts have mixed ratings on the stock, with some boosting the price target to $250, while ratings include one sell, one hold, and numerous buy ratings, indicating a consensus rating of "Moderate Buy."

HB Wealth Management LLC lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 88.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,659 shares of the company's stock after acquiring an additional 3,128 shares during the period. HB Wealth Management LLC's holdings in Take-Two Interactive Software were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth approximately $28,000. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $35,000. Graybill Wealth Management LTD. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $37,000. Cullen Frost Bankers Inc. raised its holdings in shares of 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 purchasing an additional 57 shares during the period. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Take-Two Interactive Software by 41.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded down $2.15 during midday trading on Friday, hitting $220.58. The company had a trading volume of 1,396,310 shares, compared to its average volume of 1,658,162. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.07. The stock's fifty day moving average price is $233.70 and its 200-day moving average price is $217.68. The company has a market capitalization of $40.69 billion, a PE ratio of -8.69, a P/E/G ratio of 5.72 and a beta of 0.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction 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 transaction, the president directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total transaction of $98,449.20. Following the completion of the transaction, the director owned 3,290 shares of the company's stock, valued at $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 460,792 shares of company stock valued at $104,014,443 over the last ninety days. 1.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

TTWO has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Citigroup lifted their price target 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. Benchmark lifted their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a report on Monday. They issued an "overweight" rating and a $265.00 price target on the stock. Finally, DA Davidson boosted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a report on Friday, May 16th. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $234.05.

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.