Smith Group Asset Management LLC Buys 2,316 Shares of Take-Two Interactive Software, Inc. $TTWO

Smith Group Asset Management LLC increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,756 shares of the company’s stock after acquiring an additional 2,316 shares during the period. Smith Group Asset Management LLC’s holdings in Take-Two Interactive Software were worth $2,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LBP AM SA raised its holdings in shares of Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,920 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp raised its holdings in Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after purchasing an additional 9,556 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total value of $84,345.02. Following the completion of the transaction, the director directly owned 1,833 shares of the company’s stock, valued at approximately $462,887.49. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 113,988 shares in the company, valued at approximately $26,217,240. This represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 569,936 shares of company stock worth $128,431,438 in the last ninety days. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $247.62 on Wednesday. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $233.84 and a 200-day moving average price of $221.60. The company has a market capitalization of $45.98 billion, a PE ratio of -152.85, a PEG ratio of 4.68 and a beta of 0.96.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson restated a “buy” rating and issued a $300.00 target price 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 note on Friday, July 10th. Wells Fargo & Company raised their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, BTIG Research reiterated a “buy” rating and issued a $293.00 price target on shares of Take-Two Interactive Software in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $294.44.

Take-Two Interactive Software Company Profile

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.