Motley Fool Asset Management LLC Purchases 5,634 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Motley Fool Asset Management LLC significantly increased its stake in Take-Two Interactive Software by 217.9%, now holding 8,220 shares worth approximately $1.70 million.
• Institutional investors own a substantial 95.46% of Take-Two’s stock, indicating strong institutional interest in the company.
• Analysts have raised their target prices for Take-Two Interactive Software, with new estimates ranging from $230.00 to $285.00, reflecting a generally positive outlook on the stock.

Motley Fool Asset Management LLC grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 217.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,220 shares of the company's stock after purchasing an additional 5,634 shares during the period. Motley Fool Asset Management LLC's holdings in Take-Two Interactive Software were worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software during the fourth quarter worth about $28,000. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at about $35,000. Graybill Wealth Management LTD. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at about $37,000. Finally, Cullen Frost Bankers Inc. lifted its stake 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 valued at $38,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the company's 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 sale, the president owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction on 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 transaction, the insider owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 over the last three months. Company insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTWO shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Robert W. Baird raised their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Benchmark upped their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Morgan Stanley increased their target price 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. Finally, Bank of America boosted their price target on Take-Two Interactive Software from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $245.60.

Take-Two Interactive Software Stock Down 1.3%

Shares of TTWO stock traded down $2.98 during midday trading on Thursday, reaching $233.16. 1,687,967 shares of the stock were exchanged, compared to its average volume of 2,050,677. Take-Two Interactive Software, Inc. has a 1 year low of $145.50 and a 1 year high of $245.07. The company's 50 day moving average is $233.64 and its two-hundred day moving average is $219.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The firm has a market cap of $43.01 billion, a PE ratio of -9.74, a price-to-earnings-growth ratio of 5.85 and a beta of 0.99.

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

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.