Ethic Inc. Increases Holdings in Take-Two Interactive Software, Inc. $TTWO

Ethic Inc. lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.1% in the fourth quarter, Holdings Channel reports. The firm owned 35,819 shares of the company’s stock after buying an additional 2,363 shares during the period. Ethic Inc.’s holdings in Take-Two Interactive Software were worth $9,171,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd bought a new position in Take-Two Interactive Software in the third quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $28,000. Pinnacle Bancorp Inc. bought a new position in Take-Two Interactive Software in the third quarter worth approximately $29,000. Rachor Investment Advisory Services LLC bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. Finally, Meeder Asset Management Inc. raised its stake in Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TTWO. Raymond James Financial raised shares of 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. UBS Group boosted their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company reduced their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $284.31.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $220.45 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $207.43 and its 200 day moving average price is $227.41. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The company has a market cap of $40.82 billion, a price-to-earnings ratio of -9.85, a PEG ratio of 3.29 and a beta of 0.97.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 1,698 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider directly owned 125,001 shares of the company’s stock, valued at $26,702,713.62. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately $415,320. The trade was a 17.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 65,292 shares of company stock worth $13,978,938 over the last 90 days. Insiders own 1.34% of the company’s stock.

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.