Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Stratos Wealth Partners LTD.

by · The Cerbat Gem

Stratos Wealth Partners LTD. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 136.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,806 shares of the company’s stock after acquiring an additional 5,078 shares during the period. Stratos Wealth Partners LTD.’s holdings in Take-Two Interactive Software were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after acquiring an additional 932,659 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Take-Two Interactive Software during the third quarter valued at $112,847,000. State Street Corp boosted its holdings in shares of Take-Two Interactive Software by 4.1% during the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after acquiring an additional 429,083 shares during the period. Amundi boosted its holdings in shares of Take-Two Interactive Software by 46.4% during the third quarter. Amundi now owns 1,333,469 shares of the company’s stock valued at $342,675,000 after acquiring an additional 422,510 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock valued at $371,558,000 after acquiring an additional 410,097 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $198.33 on Wednesday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The firm’s 50-day simple moving average is $204.94 and its 200 day simple moving average is $233.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market cap of $36.73 billion, a P/E ratio of -8.86, a P/E/G ratio of 2.98 and a beta of 0.96.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 810 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the sale, the insider directly owned 124,191 shares in the company, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the sale, the director owned 21,525 shares in the company, valued at approximately $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,293 shares of company stock valued at $13,994,803 in the last quarter. 1.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TTWO has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Wells Fargo & Company cut their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a research note on Monday. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.31.

View Our Latest Research Report on TTWO

Take-Two Interactive Software Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).