3,519 Shares in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Acquired by Wealthquest Corp

Key Points

• Wealthquest Corp has made a new investment of approximately $729,000 in Take-Two Interactive Software, Inc. by purchasing 3,519 shares in the first quarter.
• Analyst ratings for Take-Two Interactive have been positive, with multiple firms including UBS Group and Citigroup raising their target prices, indicating a consensus of "Moderate Buy".
• Insiders have sold a total of 460,792 shares in the last 90 days, raising concerns as company insiders only hold 1.45% of the stock.

Wealthquest Corp acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,519 shares of the company's stock, valued at approximately $729,000.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $28,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software in the 1st quarter worth $35,000. Graybill Wealth Management LTD. acquired a new stake in shares of Take-Two Interactive Software in the first quarter worth $37,000. Cullen Frost Bankers Inc. boosted its position in shares of Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares during the period. Finally, Global Financial Private Client LLC boosted its position in shares of Take-Two Interactive Software by 50.0% in the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after buying an additional 79 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Karl Slatoff sold 216,661 shares of the stock in a transaction on 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 sale, the president directly owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software 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 directly owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock valued at $104,014,443 over the last ninety days. Company insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

TTWO has been the topic of several research reports. Wedbush raised Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. DA Davidson increased their price target on 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. JPMorgan Chase & Co. upped 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. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Benchmark increased their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $234.05.

Take-Two Interactive Software Stock Down 0.0%

Shares of Take-Two Interactive Software stock traded down $0.05 during trading on Tuesday, reaching $225.94. The stock had a trading volume of 695,442 shares, compared to its average volume of 2,014,970. The company has a market capitalization of $41.68 billion, a price-to-earnings ratio of -8.90, a P/E/G ratio of 5.66 and a beta of 0.99. The stock has a fifty day moving average price of $233.72 and a two-hundred day moving average price of $218.45. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

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.