Highland Capital Management LLC increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,835 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Highland Capital Management LLC’s holdings in Take-Two Interactive Software were worth $11,374,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of TTWO. Moody Lynn & Lieberson LLC boosted its holdings in Take-Two Interactive Software by 0.9% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company’s stock valued at $1,050,000 after purchasing an additional 45 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Take-Two Interactive Software by 5.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock worth $207,000 after buying an additional 47 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Take-Two Interactive Software by 8.1% in the first quarter. Brooklyn Investment Group now owns 669 shares of the company’s stock worth $139,000 after buying an additional 50 shares in the last quarter. Adero Partners LLC boosted its stake in Take-Two Interactive Software by 2.9% during the first quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock valued at $370,000 after buying an additional 51 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in Take-Two Interactive Software by 46.0% during the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company’s stock worth $38,000 after buying an additional 57 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Up 0.3%
Shares of NASDAQ:TTWO opened at $257.68 on Friday. The stock’s 50-day moving average is $238.32 and its 200 day moving average is $230.17. The company has a market cap of $47.53 billion, a PE ratio of -10.76, a P/E/G ratio of 5.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. Take-Two Interactive Software, Inc. has a 1 year low of $147.78 and a 1 year high of $261.47.
Wall Street Analyst Weigh In
Several research firms have weighed in on TTWO. Raymond James Financial raised their price target on Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Citigroup raised their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. CICC Research initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price target for the company. Zacks Research upgraded shares of Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $249.50.
Get Our Latest Stock Analysis on Take-Two Interactive Software
Insiders Place Their Bets
In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $246.25, for a total transaction of $101,947.50. Following the sale, the director owned 3,003 shares of the company’s stock, valued at approximately $739,488.75. The trade was a 12.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $230.69, for a total transaction of $4,613,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 141,825 shares of company stock valued at $32,532,671 over the last quarter. 1.34% of the stock is owned by company insiders.
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.
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