Smith Group Asset Management LLC Buys 2,316 Shares of Take-Two Interactive Software, Inc. $TTWO

Smith Group Asset Management LLC lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 27.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,756 shares of the company’s stock after acquiring an additional 2,316 shares during the quarter. Smith Group Asset Management LLC’s holdings in Take-Two Interactive Software were worth $2,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. MCF Advisors LLC bought a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $34,000. MV Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $34,000. Finally, Reflection Asset Management purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at $40,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $247.62 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The stock has a market cap of $45.98 billion, a price-to-earnings ratio of -152.85, a PEG ratio of 4.68 and a beta of 0.96. The company’s 50 day moving average is $233.84 and its two-hundred day moving average is $221.60.

Insider Activity

In related news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the transaction, the director owned 1,833 shares in the company, valued at approximately $462,887.49. The trade was a 15.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the transaction, the insider directly owned 113,988 shares of the company’s stock, valued at $26,217,240. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America boosted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. BTIG Research reaffirmed a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a report on Monday. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $294.44.

Take-Two Interactive Software Company Profile

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.