Private Advisor Group LLC Grows Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Private Advisor Group LLC increased its stake in Take-Two Interactive Software by 137.7%, acquiring an additional 1,774 shares, bringing its total to 3,062 shares valued at $635,000.
• Insider sales included Daniel P. Emerson selling 27,056 shares for approximately $6.1 million and Karl Slatoff selling 216,661 shares for roughly $48.9 million, marking significant decreases in their ownership positions.
• Analysts have generally positive sentiment toward the company, with several raising their price targets; Citigroup now has a target of $270.00, and the consensus rating is a "Moderate Buy".

Private Advisor Group LLC grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 137.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,062 shares of the company's stock after purchasing an additional 1,774 shares during the period. Private Advisor Group LLC's holdings in Take-Two Interactive Software were worth $635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Park Square Financial Group LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. North Capital Inc. purchased a new position in Take-Two Interactive Software during the first quarter valued at approximately $35,000. Graybill Wealth Management LTD. purchased a new position in Take-Two Interactive Software during the first quarter valued at approximately $37,000. Cullen Frost Bankers Inc. grew its stake in 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 in the last quarter. Finally, Global Financial Private Client LLC grew its stake in Take-Two Interactive Software by 50.0% during the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock valued at $49,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 1.0%

NASDAQ:TTWO traded down $2.15 during midday trading on Friday, reaching $220.58. 1,396,310 shares of the stock traded hands, compared to its average volume of 1,658,162. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.07. The stock has a market capitalization of $40.69 billion, a P/E ratio of -8.69, a PEG ratio of 5.72 and a beta of 0.99. The company has a fifty day moving average of $233.70 and a 200 day moving average of $217.68.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction on 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 transaction, the chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the transaction, the president owned 1,206,427 shares of the company's stock, valued at $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. Insiders have sold a total of 460,792 shares of company stock valued at $104,014,443 over the last quarter. Company insiders own 1.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James Financial reaffirmed 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 note on Friday, May 16th. Benchmark boosted their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. Morgan Stanley boosted 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. Finally, Robert W. Baird boosted 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 research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average target price 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.