Smith Group Asset Management LLC Makes New $2.95 Million Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Smith Group Asset Management LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,000 shares of the company’s stock, valued at approximately $2,945,000.

Several other institutional investors also recently modified their holdings of TTWO. Fifth Third Bancorp boosted its stake in Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock valued at $3,157,000 after acquiring an additional 57 shares during the last quarter. Hartford Investment Management Co. boosted its position in shares of Take-Two Interactive Software by 0.7% in the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after purchasing an additional 74 shares during the last quarter. Huntington National Bank grew its stake in shares of Take-Two Interactive Software by 9.3% during the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after purchasing an additional 76 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Take-Two Interactive Software by 1.8% during the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock worth $691,000 after purchasing an additional 79 shares during the period. Finally, Chicago Capital LLC increased its holdings in Take-Two Interactive Software by 2.9% in the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TTWO shares. Morgan Stanley boosted their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Finally, TD Cowen raised their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $203.47.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the firm’s 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 completion of the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Stock Down 0.4 %

Shares of TTWO opened at $187.14 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.14. The company has a 50 day moving average of $185.58 and a 200-day moving average of $166.62.

Take-Two Interactive Software 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.