VCI Wealth Management LLC lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,805 shares of the company’s stock after buying an additional 495 shares during the period. VCI Wealth Management LLC’s holdings in Take-Two Interactive Software were worth $1,167,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 53 shares during the period. ORG Partners LLC lifted its stake in shares of Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 59 shares during the period. 1 North Wealth Services LLC bought a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $29,000. Harbor Asset Planning Inc. bought a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $36,000. Finally, Game Plan Financial Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $31,000. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Performance
NASDAQ TTWO opened at $262.29 on Tuesday. The firm has a market cap of $48.38 billion, a price-to-earnings ratio of -10.96, a PEG ratio of 5.55 and a beta of 1.01. The company has a 50 day moving average of $245.92 and a 200-day moving average of $233.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a 1-year low of $154.13 and a 1-year high of $264.79.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TTWO. Raymond James Financial increased their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, October 8th. CICC Research started coverage on shares of Take-Two Interactive Software in a research note on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price target for the company. Wedbush raised their price target on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Citigroup raised their price target on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Nineteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $252.85.
Read Our Latest Stock Analysis on TTWO
Insider Activity at Take-Two Interactive Software
In related news, CEO Strauss Zelnick sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $230.69, for a total value of $4,613,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel P. Emerson sold 22,479 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the completion of the sale, the insider directly owned 129,792 shares of the company’s stock, valued at approximately $29,523,786.24. This represents a 14.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,822 shares of company stock valued at $32,540,844. Insiders own 1.34% of the company’s stock.
Take-Two Interactive Software 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.
Further Reading
- Five stocks we like better than Take-Two Interactive Software
- P/E Ratio Calculation: How to Assess Stocks
- Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done Yet
- Health Care Stocks Explained: Why You Might Want to Invest
- 3 High-Yield Banks for Investors to Buy on the Dip
- What Does a Stock Split Mean?
- 5 Surprising Stocks Set to Benefit From a Future Robotics Boom
Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.