Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4,710.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 481 shares of the company’s stock after acquiring an additional 471 shares during the period. Rakuten Securities Inc.’s holdings in Take-Two Interactive Software were worth $100,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Chicago Capital LLC increased its position in shares of Take-Two Interactive Software by 74.9% during the first quarter. Chicago Capital LLC now owns 6,337 shares of the company’s stock valued at $1,313,000 after acquiring an additional 2,713 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 11.7% in the 1st quarter. QRG Capital Management Inc. now owns 21,614 shares of the company’s stock worth $4,480,000 after acquiring an additional 2,261 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Take-Two Interactive Software during the 1st quarter worth approximately $284,000. Adero Partners LLC boosted its position in shares of Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock worth $370,000 after purchasing an additional 51 shares during the period. Finally, Conway Capital Management Inc. acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $297,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Raymond James Financial restated an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Wedbush reiterated an “outperform” rating and issued a $269.00 price objective (up previously from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. BMO Capital Markets restated an “outperform” rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. DA Davidson lifted their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $228.10.

Insider Activity

In other news, insider Daniel P. Emerson sold 27,056 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the transaction, the insider now directly owns 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the president now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Trading Down 0.5%

NASDAQ TTWO opened at $237.52 on Wednesday. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $240.78. The firm has a 50 day moving average of $225.22 and a two-hundred day moving average of $206.48. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $42.14 billion, a PE ratio of -9.35, a price-to-earnings-growth ratio of 5.82 and a beta of 1.03.

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.