HighTower Advisors LLC Buys 4,602 Shares of Take-Two Interactive Software, Inc. $TTWO

HighTower Advisors LLC grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,031 shares of the company’s stock after purchasing an additional 4,602 shares during the quarter. HighTower Advisors LLC’s holdings in Take-Two Interactive Software were worth $19,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA increased its position in shares of Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after buying an additional 39 shares during the period. Miracle Mile Advisors LLC boosted its position in Take-Two Interactive Software by 0.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after acquiring an additional 39 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after acquiring an additional 39 shares during the period. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares in the last quarter. Finally, STF Management LP raised its position in shares of Take-Two Interactive Software by 1.8% in the 2nd quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after acquiring an additional 46 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This represents a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 155 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the sale, the director owned 65,626 shares in the company, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 982 shares of company stock valued at $214,412. 1.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several recent research reports. Jefferies Financial Group upped their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. B. Riley Financial started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. UBS Group lifted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Finally, BMO Capital Markets raised their target price on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $283.94.

Take-Two Interactive Software Stock Up 1.1%

NASDAQ:TTWO opened at $201.37 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $37.29 billion, a P/E ratio of -9.00, a P/E/G ratio of 10.64 and a beta of 0.92. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The firm has a 50-day simple moving average of $234.25 and a two-hundred day simple moving average of $240.97.

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.