Merit Financial Group LLC Acquires Shares of 1,545 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Merit Financial Group LLC purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,545 shares of the company's stock, valued at approximately $284,000.

A number of other large investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after purchasing an additional 87 shares in the last quarter. Truvestments Capital LLC purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $31,000. Friedenthal Financial bought a new stake in Take-Two Interactive Software during the 4th quarter valued at $50,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock worth $43,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded up $1.67 during trading hours on Friday, reaching $185.49. 1,638,336 shares of the company traded hands, compared to its average volume of 1,149,620. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average price of $185.46 and a 200-day moving average price of $166.00. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $192.14.

Insider Buying and Selling

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now 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 through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now owns 149,379 shares of the company's stock, 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. Corporate insiders own 1.45% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on TTWO. UBS Group raised their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Roth Mkm upped their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Wedbush reiterated an "outperform" rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Finally, Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and a consensus price target of $200.58.

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.