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

Sax Wealth Advisors LLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,024 shares of the company’s stock, valued at approximately $1,109,000.

A number of other institutional investors have also recently bought and sold shares of the business. Merit Financial Group LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $284,000. Avanza Fonder AB purchased a new stake in Take-Two Interactive Software during the fourth quarter worth about $2,448,000. Everpar Advisors LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $223,000. Empirical Asset Management LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $6,421,000. Finally, Eagle Rock Investment Company LLC grew its position in shares of Take-Two Interactive Software by 78.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 21,559 shares of the company’s stock valued at $3,969,000 after acquiring an additional 9,465 shares during the period. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped 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. Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Monday, December 9th. Oppenheimer upped their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.58.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $186.41 on Friday. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $192.14. The stock has a fifty day moving average of $184.90 and a 200 day moving average of $164.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The firm 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.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction 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 $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction on Friday, November 8th. The stock was 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. This represents a 17.11 % 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.

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.