HB Wealth Management LLC Raises Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

HB Wealth Management LLC boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 88.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,659 shares of the company’s stock after acquiring an additional 3,128 shares during the period. HB Wealth Management LLC’s holdings in Take-Two Interactive Software were worth $1,380,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Take-Two Interactive Software in the fourth quarter worth about $28,000. North Capital Inc. purchased a new position in Take-Two Interactive Software in the first quarter worth about $35,000. Graybill Wealth Management LTD. purchased a new position in Take-Two Interactive Software in the first quarter worth about $37,000. Cullen Frost Bankers Inc. raised its holdings in 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 last quarter. Finally, Global Financial Private Client LLC raised its holdings in 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 last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Benchmark lifted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Citigroup lifted their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley lifted their target price on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $234.05.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 216,661 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the business’s stock in a transaction that occurred on 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 sale, the president owned 1,206,427 shares of the company’s stock, 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. Over the last three months, insiders have sold 460,792 shares of company stock valued at $104,014,443. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $223.98 on Wednesday. The firm has a 50 day moving average of $233.91 and a 200 day moving average of $217.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $39.74 billion, a price-to-earnings ratio of -8.82, a price-to-earnings-growth ratio of 5.88 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $245.07.

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.