Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 327.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,180 shares of the company’s stock after purchasing an additional 5,500 shares during the period. Wellington Shields Capital Management LLC’s holdings in Take-Two Interactive Software were worth $1,838,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in Take-Two Interactive Software during the 3rd quarter worth $26,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at approximately $34,000. True Wealth Design LLC raised its stake in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after acquiring an additional 68 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group upped their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.53.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $227.55 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $212.29 and its two-hundred day moving average is $225.49. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The stock has a market capitalization of $42.14 billion, a price-to-earnings ratio of -140.46, a PEG ratio of 3.45 and a beta of 0.97.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 1,698 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider owned 125,001 shares in the company, valued at approximately $26,702,713.62. The trade was a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 64,724 shares of company stock worth $13,866,155. Company insiders own 1.34% of the company’s stock.

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.