Beech Hill Advisors Inc. Has $3.08 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Beech Hill Advisors Inc. lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,860 shares of the company’s stock after selling 379 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Take-Two Interactive Software were worth $3,080,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Adero Partners LLC raised its stake in shares of Take-Two Interactive Software by 2.9% during the first quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock valued at $370,000 after acquiring an additional 51 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after buying an additional 54 shares during the period. State of Wyoming grew its position in shares of Take-Two Interactive Software by 13.0% in the 4th quarter. State of Wyoming now owns 522 shares of the company’s stock valued at $96,000 after buying an additional 60 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of Take-Two Interactive Software by 4.0% in the first quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company’s stock valued at $348,000 after buying an additional 64 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Take-Two Interactive Software by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,079 shares of the company’s stock valued at $431,000 after buying an additional 64 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Down 0.6%

Shares of TTWO stock opened at $241.64 on Thursday. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $42.87 billion, a PE ratio of -9.52, a price-to-earnings-growth ratio of 5.93 and a beta of 1.03. The business’s fifty day moving average is $228.78 and its 200 day moving average is $208.49.

Analysts Set New Price Targets

A number of research firms have recently commented on TTWO. Wedbush reaffirmed an “outperform” rating and issued a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Ascendiant Capital Markets lifted their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. UBS Group boosted their price objective on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 16th. DA Davidson raised their price target on shares of 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. Finally, JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $228.10.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now directly owns 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock valued at $103,915,994 over the last three months. 1.45% of the stock is owned by corporate 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.