United Asset Strategies Inc. Purchases Shares of 9,488 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

United Asset Strategies Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,488 shares of the company's stock, valued at approximately $1,527,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TTWO. Capital World Investors acquired a new stake in Take-Two Interactive Software during the first quarter worth $513,164,000. Norges Bank acquired a new stake in Take-Two Interactive Software during the fourth quarter worth $205,528,000. Schonfeld Strategic Advisors LLC boosted its stake in Take-Two Interactive Software by 461.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 974,880 shares of the company's stock worth $101,514,000 after buying an additional 801,214 shares in the last quarter. Nordea Investment Management AB boosted its stake in Take-Two Interactive Software by 130.8% during the third quarter. Nordea Investment Management AB now owns 653,346 shares of the company's stock worth $92,122,000 after buying an additional 370,229 shares in the last quarter. Finally, Mariner LLC boosted its stake in Take-Two Interactive Software by 223.2% during the third quarter. Mariner LLC now owns 497,060 shares of the company's stock worth $69,783,000 after buying an additional 343,277 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Insider Activity

In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares of the company's stock, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Down 1.6 %

NASDAQ:TTWO traded down $2.29 during trading hours on Wednesday, reaching $143.16. 1,531,534 shares of the stock were exchanged, compared to its average volume of 1,667,557. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day moving average of $149.44 and a 200 day moving average of $152.15. The stock has a market cap of $24.42 billion, a PE ratio of -16.69, a PEG ratio of 1.24 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities analysts expect that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on TTWO. Benchmark lifted their price target on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. Jefferies Financial Group assumed coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They issued a "buy" rating and a $195.00 target price on the stock. Moffett Nathanson downgraded shares of Take-Two Interactive Software from a "buy" rating to a "neutral" rating and reduced their target price for the company from $169.00 to $167.00 in a research note on Monday, February 5th. Roth Mkm boosted their target price on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Finally, Citigroup upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and boosted their target price for the company from $170.00 to $200.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average target price of $176.39.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.