Koss Olinger Consulting LLC Acquires Shares of 2,513 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Koss Olinger Consulting LLC acquired 2,513 shares of Take-Two Interactive Software, Inc. valued at approximately $521,000 during the first quarter of the year, reflecting growing institutional interest in the company.
• Recent insider trading shows significant activity, with Daniel P. Emerson selling 27,056 shares and CEO Strauss Zelnick selling 216,661 shares, indicating a 15% reduction in their ownership levels.
• Analysts have mixed sentiments, with twenty firms giving a buy rating on the stock while one analyst rated it as a sell, establishing a consensus rating of "Moderate Buy" and an average price target of $242.43.

Koss Olinger Consulting LLC acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,513 shares of the company's stock, valued at approximately $521,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $28,000. North Capital Inc. bought a new position in shares of Take-Two Interactive Software during the first quarter valued at $35,000. Graybill Wealth Management LTD. bought a new position in shares of Take-Two Interactive Software during the first quarter valued at $37,000. Zions Bancorporation National Association UT bought a new position in shares of Take-Two Interactive Software during the first quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Take-Two Interactive Software by 46.0% during the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after acquiring an additional 57 shares during the period. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $217.37 on Friday. 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 stock has a market cap of $40.10 billion, a PE ratio of -9.08, a price-to-earnings-growth ratio of 5.50 and a beta of 0.99. The stock has a 50-day moving average of $233.54 and a 200-day moving average of $219.28. Take-Two Interactive Software, Inc. has a one year low of $141.34 and a one year high of $245.07.

Insider Buying and Selling

In other news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value 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 represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction dated 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 chief executive officer directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TTWO shares. Wells Fargo & Company initiated coverage on Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price target for the company. Benchmark lifted their price target on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a report on Friday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, DA Davidson lifted their price target on 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $242.43.

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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