First Trust Advisors LP Boosts Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

First Trust Advisors LP grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 57.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,452 shares of the company’s stock after purchasing an additional 46,766 shares during the quarter. First Trust Advisors LP’s holdings in Take-Two Interactive Software were worth $25,369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. MV Capital Management Inc. bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. Finally, Reflection Asset Management purchased a new stake in Take-Two Interactive Software during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 21,102 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the transaction, the insider directly owned 131,668 shares in the company, valued at $28,915,609.48. The trade was a 13.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 569,936 shares of company stock valued at $128,431,438. Corporate insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Finally, BTIG Research reiterated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.44.

View Our Latest Research Report on Take-Two Interactive Software

Take-Two Interactive Software Trading Up 1.5%

NASDAQ:TTWO opened at $247.62 on Wednesday. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -152.85, a PEG ratio of 4.68 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $233.84 and a 200 day moving average of $221.60.

Take-Two Interactive Software Profile

(Free Report)

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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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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