Benjamin F. Edwards & Company Inc. Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Benjamin F. Edwards & Company Inc. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 56.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,751 shares of the company’s stock after acquiring an additional 634 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Take-Two Interactive Software were worth $282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTWO. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at about $25,000. MCF Advisors LLC boosted its position 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. bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth $26,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Take-Two Interactive Software in the third quarter worth $27,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Price Performance

TTWO stock opened at $145.68 on Friday. The business’s fifty day moving average price is $146.43 and its 200 day moving average price is $152.30. Take-Two Interactive Software, Inc. has a 12-month low of $121.72 and a 12-month high of $171.59. The company has a market capitalization of $24.85 billion, a PE ratio of -16.98, a P/E/G ratio of 1.21 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTWO. Roth Mkm boosted their price target on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Oppenheimer reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Wedbush reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Thursday, May 2nd. Finally, Jefferies Financial Group initiated coverage on Take-Two Interactive Software in a report on Monday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $177.61.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the transaction, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were 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 owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate 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.