Focus Partners Wealth Buys 45,571 Shares of Take-Two Interactive Software, Inc. $TTWO

Focus Partners Wealth increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,420 shares of the company’s stock after purchasing an additional 45,571 shares during the quarter. Focus Partners Wealth owned approximately 0.12% of Take-Two Interactive Software worth $58,240,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in Take-Two Interactive Software by 27.1% in the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 0.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after buying an additional 39 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Take-Two Interactive Software by 2.7% in the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. grew its position in shares of Take-Two Interactive Software by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after buying an additional 45 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its position in shares of Take-Two Interactive Software by 28.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after buying an additional 46 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTWO shares. UBS Group increased their target price 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 shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wells Fargo & Company decreased their price objective on 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. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a research report on Monday, December 1st. Finally, B. Riley Financial initiated coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director owned 65,626 shares in the company, valued at $12,779,350.98. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 64,880 shares of company stock valued at $13,908,337. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $207.69 on Tuesday. The company has a market capitalization of $38.46 billion, a PE ratio of -9.28, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $220.36 and its 200 day moving average price is $238.78. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79.

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.