Davis R M Inc. Has $50.38 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Davis R M Inc. lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.3% in the 1st quarter, Holdings Channel reports. The firm owned 255,075 shares of the company’s stock after buying an additional 10,593 shares during the quarter. Davis R M Inc.’s holdings in Take-Two Interactive Software were worth $50,377,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Militia Capital Management LLC acquired a new stake in shares of Take-Two Interactive Software in the first quarter worth about $1,191,000. First Trust Advisors LP lifted its holdings in Take-Two Interactive Software by 57.3% in the 1st quarter. First Trust Advisors LP now owns 128,452 shares of the company’s stock worth $25,369,000 after purchasing an additional 46,766 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Take-Two Interactive Software by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 29,809 shares of the company’s stock worth $5,887,000 after purchasing an additional 1,842 shares during the period. DJE Kapital AG bought a new stake in Take-Two Interactive Software during the first quarter worth approximately $9,988,000. Finally, Andra AP fonden acquired a new stake in shares of Take-Two Interactive Software in the first quarter worth $6,320,000. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, President Karl Slatoff sold 40,358 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 569,936 shares of company stock valued at $128,431,438 over the last 90 days. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.0%

TTWO opened at $233.58 on Thursday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day moving average price is $234.07 and its two-hundred day moving average price is $222.07. The company has a market capitalization of $43.37 billion, a P/E ratio of -144.18, a P/E/G ratio of 4.53 and a beta of 0.96.

Analysts Set New Price Targets

TTWO has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. Bank of America increased their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.44.

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.