Take-Two Interactive Software, Inc. $TTWO is AMJ Financial Wealth Management’s 3rd Largest Position

AMJ Financial Wealth Management increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 87.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,458 shares of the company’s stock after purchasing an additional 24,428 shares during the quarter. Take-Two Interactive Software accounts for 3.2% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 3rd largest position. AMJ Financial Wealth Management’s holdings in Take-Two Interactive Software were worth $13,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $26,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at about $28,000. Rachor Investment Advisory Services LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at about $34,000. True Wealth Design LLC grew its stake in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after acquiring an additional 68 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $40,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 413 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the sale, the director owned 2,000 shares of the company’s stock, valued at approximately $415,320. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,390 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 65,292 shares of company stock valued at $13,978,938. Corporate insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTWO shares. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wells Fargo & Company lowered their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. UBS Group raised their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.93.

Take-Two Interactive Software Trading Up 0.0%

TTWO opened at $242.44 on Friday. The firm has a market capitalization of $44.89 billion, a P/E ratio of -10.83, a P/E/G ratio of 3.62 and a beta of 0.97. The firm’s 50 day moving average is $209.44 and its 200-day moving average is $226.46. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.