Congress Wealth Management LLC DE Grows Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Congress Wealth Management LLC DE lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,807 shares of the company’s stock after acquiring an additional 1,292 shares during the period. Congress Wealth Management LLC DE’s holdings in Take-Two Interactive Software were worth $12,201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TTWO. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Take-Two Interactive Software by 1.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock worth $907,000 after purchasing an additional 68 shares in the last quarter. Tectonic Advisors LLC lifted its stake in Take-Two Interactive Software by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after buying an additional 69 shares during the last quarter. Drive Wealth Management LLC boosted its holdings in shares of Take-Two Interactive Software by 4.5% in the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after acquiring an additional 69 shares during the period. Belpointe Asset Management LLC grew its position in shares of Take-Two Interactive Software by 3.7% during the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock worth $279,000 after acquiring an additional 70 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Take-Two Interactive Software by 14.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Karl Slatoff sold 90,851 shares of the company’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 transaction of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on TTWO. HSBC downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a research note on Friday, May 17th. Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Wells Fargo & Company raised their target price on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Finally, Bank of America upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price objective for the company from $160.00 to $185.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.22.

Take-Two Interactive Software Stock Up 1.5 %

Take-Two Interactive Software stock traded up $2.27 during midday trading on Friday, hitting $154.60. 1,623,904 shares of the company were exchanged, compared to its average volume of 1,796,490. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.82. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59. The company’s fifty day moving average price is $147.24 and its 200-day moving average price is $153.36. The company has a market cap of $26.50 billion, a PE ratio of -7.03, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 3.94 EPS for the current fiscal year.

Take-Two Interactive Software Profile

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.