AXS Investments LLC Buys Shares of 2,341 Take-Two Interactive Software, Inc. $TTWO

AXS Investments LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,341 shares of the company’s stock, valued at approximately $599,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after purchasing an additional 45 shares during the period. Compagnie Lombard Odier SCmA boosted its position in shares of Take-Two Interactive Software by 28.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after purchasing an additional 46 shares during the period. First Horizon Corp boosted its position in shares of Take-Two Interactive Software by 26.4% in the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after purchasing an additional 46 shares during the period. Westside Investment Management Inc. boosted its position in shares of Take-Two Interactive Software by 10.0% in the third quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock worth $135,000 after purchasing an additional 48 shares during the period. Finally, Hunter Associates Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 0.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after purchasing an additional 48 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $224.16 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.24. The firm has a fifty day moving average price of $213.37 and a 200 day moving average price of $224.90. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The firm has a market cap of $41.62 billion, a price-to-earnings ratio of -138.37, a P/E/G ratio of 3.42 and a beta of 0.97.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $415,320. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the transaction, the director owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 133,026 shares of company stock worth $29,057,428 in the last three months. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Wedbush reiterated 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. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Take-Two Interactive Software 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.