Wellspring Financial Advisors LLC Purchases New Stake in Take-Two Interactive Software, Inc. $TTWO

Wellspring Financial Advisors LLC purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,606 shares of the company’s stock, valued at approximately $923,000.

Other hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new position in Take-Two Interactive Software during the 4th quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software during the 4th quarter worth $28,000. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software during the 4th quarter worth $34,000. True Wealth Design LLC boosted its holdings in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $41,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 21,102 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider directly owned 131,668 shares in the company, valued at approximately $28,915,609.48. The trade was a 13.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Dornemann sold 1,151 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 560,588 shares of company stock worth $126,322,522 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTWO shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wells Fargo & Company cut their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.06.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $210.46 on Thursday. The company’s 50-day moving average is $216.69 and its 200 day moving average is $223.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $39.08 billion, a P/E ratio of -129.91, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

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.