Rakuten Securities Inc. Grows Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Rakuten Securities Inc. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4,710.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 481 shares of the company’s stock after purchasing an additional 471 shares during the quarter. Rakuten Securities Inc.’s holdings in Take-Two Interactive Software were worth $100,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Chicago Capital LLC grew its position in Take-Two Interactive Software by 74.9% during the first quarter. Chicago Capital LLC now owns 6,337 shares of the company’s stock valued at $1,313,000 after buying an additional 2,713 shares during the period. QRG Capital Management Inc. raised its position in shares of Take-Two Interactive Software by 11.7% in the first quarter. QRG Capital Management Inc. now owns 21,614 shares of the company’s stock worth $4,480,000 after acquiring an additional 2,261 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth about $284,000. Adero Partners LLC boosted its stake in shares of Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock worth $370,000 after acquiring an additional 51 shares in the last quarter. Finally, Conway Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $297,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Down 0.5%

TTWO stock opened at $237.52 on Wednesday. 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 50-day moving average of $225.22 and a two-hundred day moving average of $206.48. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $240.78. The company has a market cap of $42.14 billion, a price-to-earnings ratio of -9.35, a PEG ratio of 5.82 and a beta of 1.03.

Analysts Set New Price Targets

TTWO has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. UBS Group upped their target price on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. DA Davidson increased their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Wall Street Zen cut shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Ascendiant Capital Markets boosted their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.10.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,206,427 shares of the company’s stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 27,056 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider now owns 152,271 shares of the company’s stock, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,378 shares of company stock valued at $103,915,994 in the last three months. 1.45% of the stock is currently owned by insiders.

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.