Stratos Wealth Partners LTD. Boosts Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Stratos Wealth Partners LTD. boosted its stake by 136.2%, adding 5,078 shares to hold 8,806 shares of Take-Two worth about $2.255 million per its latest SEC filing.
• Analyst sentiment is broadly positive with a consensus rating of Moderate Buy and an average price target of $284.31, including several buy/strong-buy notes and targets up to $300.
• Insiders have been net sellers recently—Director Michael Dornemann and CEO Strauss Zelnick sold shares in March, and insiders sold 65,293 shares worth roughly $14.0 million in the last quarter, leaving insiders with 1.34% ownership.

Stratos Wealth Partners LTD. grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 136.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,806 shares of the company's stock after purchasing an additional 5,078 shares during the period. Stratos Wealth Partners LTD.'s holdings in Take-Two Interactive Software were worth $2,255,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TTWO. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $26,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its stake in shares of Take-Two Interactive Software by 216.3% during the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock valued at $35,000 after purchasing an additional 93 shares during the period. True Wealth Design LLC raised its stake in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company's stock valued at $36,000 after purchasing an additional 68 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock valued at $39,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Raymond James Financial upgraded shares of Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price objective on the stock in a research note on Tuesday, February 10th. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. UBS Group lifted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Finally, B. Riley Financial assumed coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a "buy" rating and a $300.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $284.31.

Take-Two Interactive Software Stock Up 0.8%

Shares of NASDAQ:TTWO opened at $198.33 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $204.94 and a 200 day simple moving average of $233.57. The firm has a market cap of $36.73 billion, a PE ratio of -8.86, a price-to-earnings-growth ratio of 2.98 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director owned 21,525 shares in the company, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 7,946 shares of Take-Two Interactive Software stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the completion of the sale, the chief executive officer owned 170,756 shares of the company's stock, valued at approximately $36,569,104.96. This trade represents a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 65,293 shares of company stock valued at $13,994,803. 1.34% of the stock is owned by insiders.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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