Wealth Enhancement Advisory Services LLC Boosts Position in Take-Two Interactive Software, Inc. $TTWO

Wealth Enhancement Advisory Services LLC raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 46.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,669 shares of the company’s stock after acquiring an additional 4,978 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $3,975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after buying an additional 93 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Up 1.8%

Shares of NASDAQ:TTWO opened at $193.08 on Tuesday. The stock has a 50 day moving average of $210.27 and a 200 day moving average of $235.70. The company has a market cap of $35.75 billion, a PE ratio of -8.63, a price-to-earnings-growth ratio of 7.77 and a beta of 0.94. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. UBS Group boosted their price objective 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. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Insider Buying and Selling at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 52,054 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the sale, the chief executive officer directly owned 178,702 shares in the company, valued at $38,313,708.80. This trade represents a 22.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of Take-Two Interactive Software stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider owned 125,001 shares in the company, valued at approximately $26,702,713.62. This trade represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 65,293 shares of company stock valued at $13,994,803. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software 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.