Sunbelt Securities Inc. Has $210,000 Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sunbelt Securities Inc. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,013 shares of the company’s stock after purchasing an additional 200 shares during the period. Sunbelt Securities Inc.’s holdings in Take-Two Interactive Software were worth $210,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wealthfront Advisers LLC raised its holdings in Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock valued at $26,223,853,000 after acquiring an additional 142,450,266 shares in the last quarter. Norges Bank acquired a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $495,086,000. GAMMA Investing LLC raised its holdings in Take-Two Interactive Software by 27,563.6% in the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company’s stock valued at $143,676,000 after acquiring an additional 690,745 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $115,133,000. Finally, Alyeska Investment Group L.P. raised its holdings in 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 valued at $247,983,000 after acquiring an additional 574,326 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several recent research reports. Morgan Stanley upped their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, May 19th. Wedbush reaffirmed an “outperform” rating and issued a $269.00 price target (up previously from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. JPMorgan Chase & Co. upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Robert W. Baird upped their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, DA Davidson upped their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $228.10.

Take-Two Interactive Software Stock Up 0.9%

NASDAQ TTWO opened at $241.44 on Monday. The firm has a market cap of $42.84 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 6.28 and a beta of 1.03. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.08. The stock’s 50 day simple moving average is $229.88 and its 200 day simple moving average is $209.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on 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 transaction, the insider now directly owns 152,271 shares in the company, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,206,427 shares in the company, valued at $272,350,895.25. The trade was 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 in the last three months. Insiders own 1.45% of the company’s stock.

About Take-Two Interactive Software

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.