Family Firm Inc. Makes New $50,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Family Firm Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, Holdings Channel reports. The fund bought 324 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its holdings in Take-Two Interactive Software by 269.8% during the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after acquiring an additional 361,273 shares during the last quarter. Secured Retirement Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter worth approximately $953,000. Nordea Investment Management AB lifted its position in shares of Take-Two Interactive Software by 3.5% in the 1st quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after purchasing an additional 24,723 shares during the period. QRG Capital Management Inc. lifted its position in shares of Take-Two Interactive Software by 169.7% in the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after purchasing an additional 9,076 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Take-Two Interactive Software by 421.0% in the 4th quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock worth $52,632,000 after purchasing an additional 264,244 shares during the period. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $159.39 on Friday. The firm has a market capitalization of $27.32 billion, a PE ratio of -7.25, a price-to-earnings-growth ratio of 4.34 and a beta of 0.84. The firm has a fifty day simple moving average of $151.27 and a two-hundred day simple moving average of $150.74. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TTWO shares. Bank of America restated a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday. Robert W. Baird dropped their price target on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 20th. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Benchmark boosted their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.29.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.