Kingswood Wealth Advisors LLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,014 shares of the company’s stock after selling 65 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Take-Two Interactive Software were worth $489,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. ORG Partners LLC raised its position in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after purchasing an additional 59 shares during the period. 1 North Wealth Services LLC purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $29,000. Game Plan Financial Advisors LLC purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $31,000. North Capital Inc. purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $35,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Performance
NASDAQ:TTWO opened at $256.69 on Friday. The firm has a market capitalization of $47.35 billion, a PE ratio of -10.72, a price-to-earnings-growth ratio of 5.48 and a beta of 1.01. The business’s fifty day moving average price is $241.03 and its 200 day moving average price is $231.31. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. Take-Two Interactive Software, Inc. has a 12 month low of $152.27 and a 12 month high of $262.19.
Insider Transactions at Take-Two Interactive Software
In related news, Director Laverne Evans Srinivasan sold 2,325 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total value of $528,867.75. Following the transaction, the director owned 9,063 shares of the company’s stock, valued at $2,061,560.61. This represents a 20.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 22,479 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the completion of the transaction, the insider directly owned 129,792 shares in the company, valued at $29,523,786.24. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 141,825 shares of company stock valued at $32,532,671 over the last ninety days. Company insiders own 1.34% of the company’s stock.
Wall Street Analyst Weigh In
TTWO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. UBS Group upped their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Bank of America upped their price objective on Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Wells Fargo & Company upped their price objective on Take-Two Interactive Software from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Raymond James Financial upped their price objective on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Nineteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.60.
Check Out Our Latest Analysis on Take-Two Interactive Software
Take-Two Interactive Software Company 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.
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