Legacy Trust Increases Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Legacy Trust raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,772 shares of the company's stock after buying an additional 2,115 shares during the quarter. Legacy Trust's holdings in Take-Two Interactive Software were worth $4,744,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TTWO. Public Sector Pension Investment Board lifted its position in Take-Two Interactive Software by 174.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,619 shares of the company's stock worth $874,000 after acquiring an additional 3,570 shares during the period. AQR Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 5.9% in the second quarter. AQR Capital Management LLC now owns 19,265 shares of the company's stock worth $2,996,000 after purchasing an additional 1,078 shares during the last quarter. Creative Planning lifted its holdings in shares of Take-Two Interactive Software by 27.6% during the second quarter. Creative Planning now owns 26,244 shares of the company's stock worth $4,081,000 after purchasing an additional 5,681 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Take-Two Interactive Software by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 85,495 shares of the company's stock valued at $13,294,000 after buying an additional 5,445 shares during the last quarter. Finally, Quarry LP increased its holdings in Take-Two Interactive Software by 156.7% in the 2nd quarter. Quarry LP now owns 421 shares of the company's stock worth $65,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel P. Emerson sold 777 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Price Performance

TTWO traded up $0.56 during midday trading on Monday, hitting $186.07. 1,739,314 shares of the company traded hands, compared to its average volume of 1,549,715. The business has a 50 day simple moving average of $185.71 and a two-hundred day simple moving average of $167.39. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $192.50. The company has a market capitalization of $32.68 billion, a price-to-earnings ratio of -8.79, a PEG ratio of 5.76 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTWO. Roth Mkm lifted their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Citigroup upped their price target on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. BMO Capital Markets reiterated an "outperform" rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Wedbush restated an "outperform" rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $204.06.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.