Emerald Advisers LLC Has $2.09 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Emerald Advisers LLC grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,605 shares of the company’s stock after purchasing an additional 2,124 shares during the quarter. Emerald Advisers LLC’s holdings in Take-Two Interactive Software were worth $2,094,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. bought a new stake in Take-Two Interactive Software in the fourth quarter worth $28,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $34,000. MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $34,000. Finally, True Wealth Design LLC boosted its stake in shares of Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 2.9%

Take-Two Interactive Software stock opened at $237.04 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The business’s 50-day simple moving average is $232.31 and its 200-day simple moving average is $222.81. The firm has a market capitalization of $44.01 billion, a PE ratio of -146.32, 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.

Analyst Ratings Changes

TTWO has been the subject of several analyst reports. BTIG Research restated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. BMO Capital Markets increased their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Bank of America boosted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $293.00.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the transaction, the insider directly owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.34% of the company’s stock.

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.