1,371 Shares in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,371 shares of the company's stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $28,000. Assetmark Inc. raised its holdings in shares of Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the period. Itau Unibanco Holding S.A. lifted its stake in Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after purchasing an additional 72 shares during the last quarter. Global Financial Private Client LLC grew its holdings 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 purchasing an additional 79 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after purchasing an additional 54 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Ascendiant Capital Markets upped their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a report on Monday, March 3rd. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Wedbush reissued an "outperform" rating and issued a $269.00 price target (up previously from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Finally, Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $228.10.

Insiders Place Their Bets

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 transaction, the insider now directly owns 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Karl Slatoff sold 216,661 shares of the 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 transaction, the president now owns 1,206,427 shares in the company, 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 sold a total of 460,378 shares of company stock valued at $103,915,994 in the last quarter. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded up $3.22 during trading on Monday, hitting $241.59. The company had a trading volume of 1,707,902 shares, compared to its average volume of 1,757,223. The stock's 50-day moving average is $227.61 and its two-hundred day moving average is $208.01. The stock has a market capitalization of $42.87 billion, a price-to-earnings ratio of -9.52, a price-to-earnings-growth ratio of 5.81 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $242.28.

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.