Jefferies Financial Group Inc. Buys 1,715 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Jefferies Financial Group Inc. increased its stake in Take-Two Interactive Software by 46% in Q1, now holding 5,443 shares valued at $1.13 million.
• Institutional investors collectively own 95.46% of Take-Two Interactive Software's stock, reflecting strong institutional interest.
• Despite a marginal stock decline to $225.92, analyst ratings remain predominantly positive, with most targeting prices around $234.05 or higher.

Jefferies Financial Group Inc. lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 46.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,443 shares of the company's stock after buying an additional 1,715 shares during the period. Jefferies Financial Group Inc.'s holdings in Take-Two Interactive Software were worth $1,128,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Wealthquest Corp acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth $729,000. Davis R M Inc. raised its holdings in shares of Take-Two Interactive Software by 3.9% during the 1st quarter. Davis R M Inc. now owns 238,475 shares of the company's stock worth $49,424,000 after buying an additional 9,049 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 2.9% during the 1st quarter. Natixis Advisors LLC now owns 137,645 shares of the company's stock worth $28,527,000 after buying an additional 3,818 shares in the last quarter. NorthRock Partners LLC raised its holdings in shares of Take-Two Interactive Software by 9.7% during the 1st quarter. NorthRock Partners LLC now owns 1,667 shares of the company's stock worth $345,000 after buying an additional 148 shares in the last quarter. Finally, Howard Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth $202,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the sale, the director directly owned 3,290 shares of the company's stock, valued at approximately $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 460,792 shares of company stock valued at $104,014,443. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Up 0.6%

TTWO stock traded up $1.29 during trading on Wednesday, reaching $227.21. 1,543,491 shares of the stock were exchanged, compared to its average volume of 2,016,819. The firm's 50 day moving average is $233.71 and its 200 day moving average is $218.51. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm has a market cap of $41.91 billion, a P/E ratio of -8.95, a price-to-earnings-growth ratio of 5.80 and a beta of 0.99.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James Financial restated an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective on the stock. BMO Capital Markets restated an "outperform" rating and set a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. DA Davidson boosted their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average 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.