Paragon Capital Management Inc. Takes $1.20 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Paragon Capital Management Inc. bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,786 shares of the company's stock, valued at approximately $1,199,000.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings in shares of 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 worth $26,223,853,000 after purchasing an additional 142,450,266 shares during the period. Norges Bank bought a new position in Take-Two Interactive Software during the 4th quarter valued at approximately $495,086,000. GAMMA Investing LLC lifted its holdings in Take-Two Interactive Software by 27,563.6% in the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock worth $143,676,000 after buying an additional 690,745 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $115,133,000. Finally, Alyeska Investment Group L.P. increased its stake in shares of 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. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

TTWO opened at $239.33 on Friday. The company has a 50 day simple moving average of $229.31 and a two-hundred day simple moving average of $208.84. 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 cap of $42.46 billion, a P/E ratio of -9.43, a PEG ratio of 6.29 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $245.08.

Analyst Ratings Changes

Several analysts recently weighed in on TTWO shares. DA Davidson lifted 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 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 note on Friday, May 16th. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wedbush reaffirmed an "outperform" rating and set a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Finally, Robert W. Baird increased their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" 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, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $228.10.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 27,056 shares of the business's 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 now owns 152,271 shares of the company's stock, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction on 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 transaction, the president now directly owns 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was 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 460,378 shares of company stock worth $103,915,994. Corporate 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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