Bull Harbor Capital LLC purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 2,639 shares of the company’s stock, valued at approximately $521,000.
Several other hedge funds have also made changes to their positions in TTWO. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Rachor Investment Advisory Services LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $34,000. MV Capital Management Inc. acquired a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Finally, Reflection Asset Management purchased a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 95.46% of the company’s stock.
Insider Buying and Selling
In other 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 completion of the sale, the director directly owned 1,833 shares of the company’s stock, valued at approximately $462,887.49. The trade was a 15.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the transaction, the president owned 40,358 shares of the company’s stock, valued at approximately $8,720,960.22. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 569,936 shares of company stock worth $128,431,438. Corporate insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Stock Down 1.8%
Wall Street Analysts Forecast Growth
TTWO has been the subject of several research reports. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Bank of America increased their price objective 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. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday. BTIG Research reissued a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a research note on Monday, July 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Buy” and a consensus price target of $294.44.
Read Our Latest Stock Analysis on Take-Two Interactive Software
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.
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