Harbor Asset Planning Inc. bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 147 shares of the company’s stock, valued at approximately $36,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of TTWO. GAMMA Investing LLC increased its holdings in Take-Two Interactive Software by 33.5% during the 1st quarter. GAMMA Investing LLC now owns 3,345 shares of the company’s stock worth $693,000 after purchasing an additional 839 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Take-Two Interactive Software during the 1st quarter worth approximately $317,000. Sagespring Wealth Partners LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $284,000. QRG Capital Management Inc. grew its position in shares of Take-Two Interactive Software by 11.7% in the 1st 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 in the last quarter. Finally, Clarius Group LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $404,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Stock Down 0.9%
Shares of Take-Two Interactive Software stock opened at $259.23 on Friday. The business’s fifty day moving average price is $244.25 and its two-hundred day moving average price is $232.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $47.82 billion, a P/E ratio of -10.83, a PEG ratio of 5.55 and a beta of 1.01. Take-Two Interactive Software, Inc. has a 1-year low of $154.03 and a 1-year high of $264.79.
Insider Buying and Selling
In other news, insider Daniel P. Emerson sold 22,479 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total value of $528,867.75. Following the sale, the director directly owned 9,063 shares in the company, valued at $2,061,560.61. This trade represents a 20.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,411 shares of company stock worth $32,434,222. 1.34% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TTWO. DA Davidson lifted their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Bank of America lifted their target price on Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Citigroup lifted their target price on Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on Take-Two Interactive Software from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. Nineteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.85.
Read Our Latest Stock Analysis on Take-Two Interactive Software
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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