Gables Capital Management Inc. Increases Position in Take-Two Interactive Software, Inc. $TTWO

Gables Capital Management Inc. raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 38.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,342 shares of the company’s stock after buying an additional 2,867 shares during the period. Gables Capital Management Inc.’s holdings in Take-Two Interactive Software were worth $2,043,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TTWO. Thurston Springer Miller Herd & Titak Inc. increased its stake in Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after buying an additional 45 shares during the period. First Horizon Corp lifted its holdings in Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after buying an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after acquiring an additional 48 shares in the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of Take-Two Interactive Software by 3.6% during the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after acquiring an additional 48 shares in the last quarter. Finally, Independence Bank of Kentucky increased its holdings in shares of Take-Two Interactive Software by 3.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock valued at $363,000 after acquiring an additional 50 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTWO. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. BTIG Research restated a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. BMO Capital Markets raised their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, Bank of America lifted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $293.00.

Take-Two Interactive Software Trading Down 1.2%

TTWO stock traded down $2.90 during midday trading on Friday, hitting $243.20. The stock had a trading volume of 2,248,309 shares, compared to its average volume of 2,833,908. The firm has a market cap of $45.15 billion, a PE ratio of -150.12, a price-to-earnings-growth ratio of 4.66 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The company’s 50-day moving average price is $231.42 and its 200 day moving average price is $223.12.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total value of $84,345.02. Following the sale, the director directly owned 1,833 shares of the company’s stock, valued at approximately $462,887.49. This trade represents a 15.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 570,349 shares of company stock valued at $128,517,202. 1.34% of the stock is currently owned by insiders.

About Take-Two Interactive Software

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.