Highview Capital Management LLC DE Invests $1.50 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Highview Capital Management LLC DE acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,215 shares of the company's stock, valued at approximately $1,495,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTWO. Wealthfront Advisers LLC grew 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. Norges Bank acquired a new stake in Take-Two Interactive Software during the fourth quarter valued at $495,086,000. GAMMA Investing LLC grew its position in Take-Two Interactive Software by 27,563.6% during the first quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock valued at $143,676,000 after buying an additional 690,745 shares during the period. Alyeska Investment Group L.P. grew its position in Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after buying an additional 574,326 shares during the period. Finally, Capital International Investors grew its position in Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after buying an additional 424,893 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $242.53 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of -9.55, a PEG ratio of 6.25 and a beta of 1.03. The company's 50-day moving average is $232.77 and its two-hundred day moving average is $211.89. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $245.08.

Wall Street Analyst Weigh In

TTWO has been the topic of several analyst reports. DA Davidson raised their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price 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. Benchmark lifted their target price on shares of 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, UBS Group lifted 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 report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.10.

Insider Buying and Selling at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 216,661 shares of the firm'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 transaction, the chief executive officer owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the transaction, the insider 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 disclosure for this sale can be found here. Insiders sold a total of 460,378 shares of company stock worth $103,915,994 over the last three months. Insiders own 1.45% of the company's stock.

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.

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