Park Avenue Securities LLC Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Park Avenue Securities LLC boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,703 shares of the company’s stock after purchasing an additional 518 shares during the quarter. Park Avenue Securities LLC’s holdings in Take-Two Interactive Software were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at $31,000. Versant Capital Management Inc boosted its position in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in Take-Two Interactive Software during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 1.5 %

Shares of NASDAQ:TTWO opened at $187.99 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $192.14. The business has a 50 day moving average of $185.26 and a two-hundred day moving average of $165.53. The company has a market capitalization of $33.02 billion, a PE ratio of -8.88, a PEG ratio of 5.79 and a beta of 0.89.

Analysts Set New Price Targets

TTWO has been the subject of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. The Goldman Sachs Group lifted 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 note on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. TD Cowen raised their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $200.58.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.