Ieq Capital LLC Purchases 763 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Ieq Capital LLC increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 21.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,405 shares of the company’s stock after acquiring an additional 763 shares during the quarter. Ieq Capital LLC’s holdings in Take-Two Interactive Software were worth $709,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TTWO. Principal Financial Group Inc. grew its stake in Take-Two Interactive Software by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 240,278 shares of the company’s stock worth $38,673,000 after buying an additional 5,313 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Take-Two Interactive Software by 14.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,434 shares of the company’s stock worth $3,450,000 after acquiring an additional 2,759 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Take-Two Interactive Software by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,213,990 shares of the company’s stock valued at $195,397,000 after acquiring an additional 42,860 shares during the last quarter. QRG Capital Management Inc. raised its position in Take-Two Interactive Software by 26.8% during the fourth quarter. QRG Capital Management Inc. now owns 5,349 shares of the company’s stock valued at $861,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in Take-Two Interactive Software during the fourth quarter worth about $662,000. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TTWO has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, May 2nd. Jefferies Financial Group began coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They issued a “buy” rating and a $195.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, The Goldman Sachs Group raised their price target on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.61.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $148.08 on Thursday. The firm’s 50-day simple moving average is $146.40 and its two-hundred day simple moving average is $152.62. Take-Two Interactive Software, Inc. has a fifty-two week low of $121.72 and a fifty-two week high of $171.59. The stock has a market cap of $25.26 billion, a PE ratio of -17.26, a price-to-earnings-growth ratio of 1.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.