Northstar Advisory Group LLC Purchases 6,178 Shares of Take-Two Interactive Software, Inc. $TTWO

Northstar Advisory Group LLC boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 538.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,325 shares of the company’s stock after purchasing an additional 6,178 shares during the quarter. Northstar Advisory Group LLC’s holdings in Take-Two Interactive Software were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TTWO. Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 4.5% during the second quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after buying an additional 903,385 shares during the period. State Street Corp boosted its position in shares of Take-Two Interactive Software by 3.8% during the 2nd quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after acquiring an additional 389,321 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Take-Two Interactive Software by 3.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock valued at $1,341,789,000 after acquiring an additional 166,867 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Take-Two Interactive Software by 8.9% during the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock worth $1,124,088,000 after purchasing an additional 378,371 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after purchasing an additional 515,484 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,010 shares of company stock worth $242,102. 1.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Jefferies Financial Group raised their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. BMO Capital Markets upped their target price on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley increased their target price on 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. Finally, UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $272.68.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $245.63 on Tuesday. The firm has a fifty day simple moving average of $246.69 and a two-hundred day simple moving average of $243.73. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. Take-Two Interactive Software, Inc. has a twelve month low of $181.86 and a twelve month high of $264.79. The company has a market capitalization of $45.39 billion, a PE ratio of -10.87, a P/E/G ratio of 3.92 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned ($2.08) earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. Research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Take-Two Interactive Software Company 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.