WESPAC Advisors LLC purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,150 shares of the company’s stock, valued at approximately $279,000.
Several other large investors have also made changes to their positions in TTWO. ORG Partners LLC grew its stake in shares of Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in Take-Two Interactive Software during the first quarter worth approximately $29,000. Game Plan Financial Advisors LLC bought a new stake in Take-Two Interactive Software during the first quarter worth approximately $31,000. North Capital Inc. bought a new stake in Take-Two Interactive Software during the first quarter worth approximately $35,000. Finally, Graybill Wealth Management LTD. bought a new stake in Take-Two Interactive Software during the first quarter worth approximately $37,000. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Up 1.4%
Shares of TTWO stock opened at $260.50 on Wednesday. Take-Two Interactive Software, Inc. has a 12 month low of $151.32 and a 12 month high of $261.47. The firm has a market cap of $48.05 billion, a PE ratio of -10.88, a price-to-earnings-growth ratio of 5.45 and a beta of 1.01. The stock has a 50 day moving average of $239.66 and a 200-day moving average of $230.83. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72.
Analysts Set New Price Targets
TTWO has been the subject of a number of recent analyst reports. Wedbush upped their target price on Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. CICC Research initiated coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price for the company. Zacks Research raised Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Raymond James Financial upped their target price on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, UBS Group upped their price target on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Nineteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $250.10.
Get Our Latest Analysis on TTWO
Insiders Place Their Bets
In related news, CEO Strauss Zelnick sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $231.20, for a total value of $10,404,000.00. Following the completion of the transaction, the chief executive officer directly owned 281,495 shares in the company, valued at approximately $65,081,644. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 22,479 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the completion of the transaction, the insider owned 129,792 shares of the company’s stock, valued at $29,523,786.24. The trade was a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 141,825 shares of company stock valued at $32,532,671 in the last ninety days. 1.34% of the stock is currently owned by insiders.
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.
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