Concurrent Investment Advisors LLC Grows Stock Position in Take-Two Interactive Software, Inc. $TTWO

Concurrent Investment Advisors LLC increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 70.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,095 shares of the company’s stock after buying an additional 4,568 shares during the period. Concurrent Investment Advisors LLC’s holdings in Take-Two Interactive Software were worth $2,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software in the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Pinnacle Bancorp Inc. acquired a new stake in Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. increased its position in Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. Finally, True Wealth Design LLC increased its position in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $213.77 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $205.09 and its two-hundred day moving average price is $229.08. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The stock has a market cap of $39.58 billion, a PE ratio of -9.55, a price-to-earnings-growth ratio of 3.15 and a beta of 0.96.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 810 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the sale, the insider directly owned 124,191 shares in the company, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,292 shares of company stock valued at $13,978,938 in the last quarter. 1.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

TTWO has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. UBS Group raised their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.31.

About Take-Two Interactive Software

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.