Berger Financial Group Inc Purchases New Shares in Take-Two Interactive Software, Inc. $TTWO

Berger Financial Group Inc purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,137 shares of the company’s stock, valued at approximately $5,557,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after acquiring an additional 45 shares during the last quarter. First Horizon Corp boosted its position in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the period. Hunter Associates Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the period. Mayflower Financial Advisors LLC grew its stake in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after buying an additional 48 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of Take-Two Interactive Software by 3.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock valued at $363,000 after buying an additional 50 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 40,358 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the transaction, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 570,015 shares of company stock valued at $128,432,857 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TTWO shares. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Bank of America boosted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. BTIG Research reiterated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.88.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $254.99 on Friday. The firm has a market cap of $47.34 billion, a PE ratio of -157.40, a price-to-earnings-growth ratio of 4.99 and a beta of 0.96. The firm’s 50 day simple moving average is $227.54 and its 200-day simple moving average is $222.89. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

About Take-Two Interactive Software

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.