SG Americas Securities LLC Acquires 213,783 Shares of Take-Two Interactive Software, Inc. $TTWO

SG Americas Securities LLC lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 201.9% during the 1st quarter, HoldingsChannel reports. The fund owned 319,643 shares of the company’s stock after acquiring an additional 213,783 shares during the quarter. SG Americas Securities LLC’s holdings in Take-Two Interactive Software were worth $63,129,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. MCF Advisors LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. MV Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. Finally, True Wealth Design LLC boosted its stake 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 valued at $36,000 after buying an additional 68 shares during the period. 95.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TTWO. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Wells Fargo & Company decreased their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.06.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $239.57 on Tuesday. The stock has a 50-day moving average price of $221.20 and a two-hundred day moving average price of $222.72. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The company has a market capitalization of $44.48 billion, a PE ratio of -147.88, a P/E/G ratio of 4.73 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insider Buying and Selling

In related news, Director Jon J. Moses sold 500 shares of the firm’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 owned 22,368 shares in the company, valued at $4,814,040.96. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the transaction, the insider owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 569,515 shares of company stock valued at $128,310,552 over the last three months. Insiders own 1.34% of the company’s stock.

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.