Valeo Financial Advisors LLC Grows Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Valeo Financial Advisors LLC grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,181 shares of the company's stock after purchasing an additional 1,149 shares during the period. Valeo Financial Advisors LLC's holdings in Take-Two Interactive Software were worth $1,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TTWO. Jones Financial Companies Lllp boosted its stake in shares of Take-Two Interactive Software by 428.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,780 shares of the company's stock valued at $328,000 after purchasing an additional 1,443 shares in the last quarter. Assetmark Inc. raised its holdings in 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 in the last quarter. Atria Investments Inc increased its stake in shares of Take-Two Interactive Software by 1.8% in the 4th quarter. Atria Investments Inc now owns 4,725 shares of the company's stock worth $870,000 after acquiring an additional 83 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $24,330,000. Finally, Amundi increased its stake in shares of Take-Two Interactive Software by 74.8% in the 4th quarter. Amundi now owns 741,045 shares of the company's stock worth $136,160,000 after acquiring an additional 317,048 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. DA Davidson raised their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Finally, 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 report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and two have assigned 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.

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 shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the transaction, the insider owned 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction dated 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 chief executive officer owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.6%

Take-Two Interactive Software stock traded down $1.41 during trading hours on Friday, reaching $233.92. The stock had a trading volume of 1,429,397 shares, compared to its average volume of 1,791,259. The company has a market cap of $41.50 billion, a price-to-earnings ratio of -9.21, a PEG ratio of 6.30 and a beta of 1.03. 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 business's 50 day moving average price is $233.15 and its 200-day moving average price is $212.66. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.08.

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.