Wealth Enhancement Advisory Services LLC Boosts Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,834 shares of the company’s stock after acquiring an additional 960 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $25,000. MCF Advisors LLC raised its holdings in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $26,000. Pin Oak Investment Advisors Inc. raised its holdings in Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 shares during the period. Finally, Connectus Wealth LLC raised its holdings in Take-Two Interactive Software by 903.8% in the 4th quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock valued at $31,000 after buying an additional 173,308 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TTWO shares. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Jefferies Financial Group lowered their target price on shares of Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Robert W. Baird decreased their price target on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 20th. Finally, HSBC downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price for the company. in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $178.09.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $153.50 on Friday. The firm has a market capitalization of $26.31 billion, a P/E ratio of -6.98, a P/E/G ratio of 5.01 and a beta of 0.84. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day simple moving average is $153.77 and its 200-day simple moving average is $154.04.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $0.47 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. Equities analysts predict that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current year.

Insider Activity

In other news, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at approximately $3,324,626.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,569 shares of company stock worth $13,909,565. 1.37% of the stock is currently owned by insiders.

About Take-Two Interactive Software

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.