Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 327.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,180 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Take-Two Interactive Software were worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC grew its holdings in shares of Take-Two Interactive Software by 51.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 956 shares of the company’s stock worth $245,000 after acquiring an additional 326 shares during the period. Allstate Corp lifted its stake in Take-Two Interactive Software by 111.2% in the 4th quarter. Allstate Corp now owns 15,583 shares of the company’s stock valued at $3,990,000 after buying an additional 8,205 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Take-Two Interactive Software by 509.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 163 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $238,000. Finally, Legal & General Group Plc lifted its stake in Take-Two Interactive Software by 7.1% in the 4th quarter. Legal & General Group Plc now owns 1,030,873 shares of the company’s stock valued at $263,934,000 after buying an additional 67,894 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider directly owned 125,001 shares of the company’s stock, valued at approximately $26,702,713.62. This trade represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $415,320. This trade represents a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 64,724 shares of company stock valued at $13,866,155. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $287.53.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $227.55 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $42.14 billion, a P/E ratio of -140.46, a price-to-earnings-growth ratio of 3.45 and a beta of 0.97. The stock’s fifty day simple moving average is $212.29 and its 200 day simple moving average is $225.49. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79.

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.