Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stake Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,810 shares of the company's stock after buying an additional 1,231 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Take-Two Interactive Software were worth $2,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. Norges Bank acquired a new position in Take-Two Interactive Software during the 4th quarter worth $495,086,000. Raymond James Financial Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth $115,133,000. Alyeska Investment Group L.P. increased its position in shares of Take-Two Interactive Software by 74.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock worth $247,983,000 after purchasing an additional 574,326 shares during the last quarter. Finally, Capital International Investors raised its stake in shares of Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the firm'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 now owns 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction dated 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 sale, 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 have sold a total of 460,378 shares of company stock worth $103,915,994 over the last ninety days. 1.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. DA Davidson lifted their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Robert W. Baird raised their price objective on 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. Finally, Ascendiant Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded up $1.69 on Friday, hitting $232.72. The stock had a trading volume of 1,497,036 shares, compared to its average volume of 1,753,295. The company's 50-day moving average is $220.59 and its two-hundred day moving average is $204.28. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $240.78. The stock has a market cap of $41.29 billion, a price-to-earnings ratio of -10.91, a P/E/G ratio of 6.83 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

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.