Wealth Enhancement Advisory Services LLC Increases Holdings in Take-Two Interactive Software, Inc. $TTWO

Wealth Enhancement Advisory Services LLC grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,669 shares of the company’s stock after acquiring an additional 4,978 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $3,975,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TTWO. Integrated Wealth Concepts LLC purchased a new position in shares of Take-Two Interactive Software in the 1st quarter worth about $425,000. Empowered Funds LLC boosted its stake in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. American Century Companies Inc. grew its position in Take-Two Interactive Software by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 23,041 shares of the company’s stock valued at $5,596,000 after purchasing an additional 4,235 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $357,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TTWO. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a report on Tuesday, February 10th. Wells Fargo & Company decreased their price objective on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Finally, Morgan Stanley upped their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Insider Transactions at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 7,946 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the completion of the transaction, the chief executive officer directly owned 170,756 shares of the company’s stock, valued at $36,569,104.96. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $209.36, for a total transaction of $86,465.68. Following the transaction, the director owned 2,143 shares in the company, valued at approximately $448,658.48. This trade represents a 16.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 65,293 shares of company stock valued at $13,994,803. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $193.08 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of -8.63, a price-to-earnings-growth ratio of 7.77 and a beta of 0.94. The business has a 50-day simple moving average of $210.27 and a two-hundred day simple moving average of $235.70. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Take-Two Interactive Software Company 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.