Independent Advisor Alliance Has $790,000 Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Independent Advisor Alliance trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,137 shares of the company’s stock after selling 323 shares during the period. Independent Advisor Alliance’s holdings in Take-Two Interactive Software were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. boosted its holdings in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Blue Trust Inc. grew its position in shares of Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares in the last quarter. HHM Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $37,000. Finally, BOKF NA raised its position in shares of Take-Two Interactive Software by 466.7% in the first quarter. BOKF NA now owns 272 shares of the company’s stock valued at $41,000 after buying an additional 224 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the 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 completion of the sale, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.45% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of analyst reports. Morgan Stanley increased their price target 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 increased their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, November 7th. Finally, UBS Group boosted their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.75.

Take-Two Interactive Software Stock Down 1.2 %

Shares of NASDAQ TTWO opened at $185.56 on Thursday. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $190.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $32.59 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 5.65 and a beta of 0.85. The company has a 50 day simple moving average of $163.59 and a 200 day simple moving average of $157.14.

Take-Two Interactive Software Company 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.