Summit Place Financial Advisors LLC Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Summit Place Financial Advisors LLC raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 44.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,873 shares of the company's stock after purchasing an additional 1,807 shares during the period. Summit Place Financial Advisors LLC's holdings in Take-Two Interactive Software were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moody Lynn & Lieberson LLC grew its stake in Take-Two Interactive Software by 0.9% during the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock worth $1,050,000 after buying an additional 45 shares during the last quarter. Adero Partners LLC grew its stake in Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock worth $370,000 after buying an additional 51 shares during the last quarter. State of Wyoming grew its stake in Take-Two Interactive Software by 13.0% during the 4th quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after buying an additional 60 shares during the last quarter. Simon Quick Advisors LLC grew its stake in Take-Two Interactive Software by 4.0% during the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after buying an additional 64 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in Take-Two Interactive Software by 3.2% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,079 shares of the company's stock worth $431,000 after buying an additional 64 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction dated 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 completion of the transaction, the president owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,378 shares of company stock valued at $103,915,994. 1.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TTWO shares. Raymond James Financial restated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. UBS Group boosted their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price target on 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. Benchmark boosted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Price Performance

NASDAQ TTWO traded up $1.27 during trading hours on Friday, reaching $240.78. The company's stock had a trading volume of 1,008,273 shares, compared to its average volume of 1,789,656. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of -9.48, a P/E/G ratio of 6.25 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. 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 company's 50-day moving average is $232.44 and its two-hundred day moving average is $211.26.

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.