Take-Two Interactive Software, Inc. $TTWO Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,580 shares of the company’s stock after acquiring an additional 2,307 shares during the period. D.A. Davidson & CO.’s holdings in Take-Two Interactive Software were worth $2,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $34,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $34,000. Finally, True Wealth Design LLC boosted its position in shares of Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after buying an additional 68 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 1.0%

Shares of NASDAQ TTWO opened at $238.98 on Tuesday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of -147.52, a PEG ratio of 4.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $233.74 and its 200-day simple moving average is $222.37.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TTWO. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. DA Davidson reissued a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BTIG Research reaffirmed a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $293.00.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the transaction, the director directly owned 22,368 shares in the company, valued at approximately $4,814,040.96. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 569,936 shares of company stock valued at $128,431,438 in the last three months. 1.34% of the stock is currently owned by company insiders.

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.