Northstar Advisory Group LLC Grows Position in Take-Two Interactive Software, Inc. $TTWO

Northstar Advisory Group LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 538.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,325 shares of the company’s stock after acquiring an additional 6,178 shares during the period. Northstar Advisory Group LLC’s holdings in Take-Two Interactive Software were worth $1,892,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software in the 1st quarter worth about $425,000. Empowered Funds LLC boosted its stake in shares of Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after buying an additional 388 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 21.4% in the second quarter. Farther Finance Advisors LLC now owns 663 shares of the company’s stock valued at $161,000 after acquiring an additional 117 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Take-Two Interactive Software by 7.5% during the second quarter. Ballentine Partners LLC now owns 1,048 shares of the company’s stock valued at $255,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the transaction, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the sale, the director owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,010 shares of company stock valued at $242,102 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTWO. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. B. Riley began coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target for the company. Wall Street Zen downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $272.68.

Take-Two Interactive Software Price Performance

TTWO opened at $245.63 on Tuesday. The firm has a 50-day moving average price of $246.69 and a 200-day moving average price of $243.73. Take-Two Interactive Software, Inc. has a twelve month low of $181.86 and a twelve month high of $264.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $45.39 billion, a price-to-earnings ratio of -10.87, a PEG ratio of 3.92 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company posted ($2.08) EPS. Take-Two Interactive Software’s revenue was up 33.3% compared to the same quarter last year. Equities analysts expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

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.