Merit Financial Group LLC Makes New $284,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Merit Financial Group LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,545 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds have also recently modified their holdings of TTWO. Swiss National Bank lifted its holdings in Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after acquiring an additional 13,200 shares during the period. CIBC Asset Management Inc raised its stake in shares of Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after purchasing an additional 4,456 shares during the period. Paloma Partners Management Co purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth about $20,290,000. Fiduciary Alliance LLC bought a new position in Take-Two Interactive Software during the fourth quarter valued at about $734,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Take-Two Interactive Software by 2.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock worth $61,928,000 after buying an additional 10,837 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Oppenheimer boosted their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group upped their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.58.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated 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 owns 9,692 shares in the company, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $185.49 on Friday. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of -8.77, a P/E/G ratio of 5.84 and a beta of 0.89. 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 stock has a fifty day moving average of $185.46 and a 200 day moving average of $166.00. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $192.14.

Take-Two Interactive Software Company 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.