Sax Wealth Advisors LLC Acquires New Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sax Wealth Advisors LLC bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,024 shares of the company's stock, valued at approximately $1,109,000.

A number of other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Take-Two Interactive Software during the third quarter valued at $27,000. Truvestments Capital LLC purchased a new position in Take-Two Interactive Software in the third quarter worth about $31,000. Versant Capital Management Inc increased its stake in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after acquiring an additional 87 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock valued at $43,000 after purchasing an additional 115 shares during the period. Finally, AM Squared Ltd bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $46,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 1.7 %

Shares of NASDAQ:TTWO traded up $3.04 during trading hours on Friday, hitting $186.41. The company's stock had a trading volume of 1,443,673 shares, compared to its average volume of 1,295,021. The firm's fifty day moving average price is $184.90 and its 200 day moving average price is $164.82. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $192.14. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of -8.81, a P/E/G ratio of 5.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTWO. TD Cowen boosted their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. 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. Finally, Roth Mkm raised their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.58.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company's stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

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.