Maia Wealth LLC Has $332,000 Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Maia Wealth LLC reduced its stake in Take-Two Interactive Software by 47.2%, now holding shares worth $332,000 following the sale of 1,393 shares.
• Take-Two Interactive's stock price recently opened at $222.67 with a market capitalization of $41.08 billion, showing a 2.4% increase.
• Several analysts raised their price targets for Take-Two Interactive, with Citigroup and DA Davidson setting targets at $270.00, both rating it as a "buy."

Maia Wealth LLC lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 47.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,559 shares of the company's stock after selling 1,393 shares during the quarter. Maia Wealth LLC's holdings in Take-Two Interactive Software were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Linscomb Wealth Inc. bought a new position in Take-Two Interactive Software in the first quarter worth about $207,000. First American Trust FSB grew its holdings in Take-Two Interactive Software by 3.8% in the first quarter. First American Trust FSB now owns 29,086 shares of the company's stock valued at $6,028,000 after purchasing an additional 1,077 shares during the period. Nuveen LLC acquired a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $288,410,000. Invesco Ltd. boosted its position in Take-Two Interactive Software by 11.0% during the first quarter. Invesco Ltd. now owns 2,975,192 shares of the company's stock worth $616,609,000 after acquiring an additional 294,378 shares during the last quarter. Finally, True North Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the first quarter valued at approximately $221,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTWO shares. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Bank of America lifted their price objective on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. 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 target price on the stock. Raymond James Financial boosted their price target on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were 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 owned 152,271 shares in the company, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the chief executive officer owned 1,206,427 shares of the company's stock, valued at $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 have sold 460,792 shares of company stock worth $104,014,443. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of TTWO traded down $2.98 during trading hours on Thursday, hitting $233.16. The stock had a trading volume of 1,687,967 shares, compared to its average volume of 2,050,677. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of -9.74, a P/E/G ratio of 5.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The company's fifty day moving average is $233.64 and its two-hundred day moving average is $219.99. Take-Two Interactive Software, Inc. has a 52 week low of $145.50 and a 52 week high of $245.07.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.33. The business had revenue of $1,503,800 billion during the quarter, compared to analysts' expectations of $1.31 billion. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted ($1.52) EPS. On average, analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

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.