Oak Ridge Investments LLC Increases Holdings in Take-Two Interactive Software, Inc. $TTWO

Oak Ridge Investments LLC increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,179 shares of the company’s stock after buying an additional 3,622 shares during the quarter. Oak Ridge Investments LLC’s holdings in Take-Two Interactive Software were worth $9,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software in the third quarter valued at $26,000. Pinnacle Bancorp Inc. purchased a new stake in Take-Two Interactive Software in the third quarter valued at $29,000. Meeder Asset Management Inc. raised its position in Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the period. True Wealth Design LLC raised its position in Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares during the period. Finally, Blue Trust Inc. raised its position in Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity

In related news, CEO Strauss Zelnick sold 52,054 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the completion of the transaction, the chief executive officer directly owned 178,702 shares of the company’s stock, valued at $38,313,708.80. The trade was a 22.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the transaction, the director directly owned 65,626 shares of the company’s stock, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,293 shares of company stock worth $13,994,803 over the last three months. Company insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Finally, Morgan Stanley lifted their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Take-Two Interactive Software Trading Up 2.2%

Shares of NASDAQ TTWO opened at $201.36 on Tuesday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $202.42 and a 200-day simple moving average of $232.21. The stock has a market capitalization of $37.29 billion, a PE ratio of -9.00, a PEG ratio of 2.94 and a beta of 0.96.

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.