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

Smith Group Asset Management LLC purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 16,000 shares of the company’s stock, valued at approximately $2,945,000.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in shares of 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 buying an additional 57 shares during the last quarter. Hartford Investment Management Co. raised its stake in 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 valued at $1,576,000 after acquiring an additional 74 shares during the period. Huntington National Bank raised its stake in Take-Two Interactive Software by 9.3% in the 3rd quarter. Huntington National Bank now owns 896 shares of the company’s stock valued at $138,000 after acquiring an additional 76 shares during the period. Sanctuary Advisors LLC lifted its holdings in Take-Two Interactive Software by 1.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock valued at $691,000 after purchasing an additional 79 shares during the last quarter. Finally, Chicago Capital LLC boosted its position in Take-Two Interactive Software by 2.9% during the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock worth $459,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTWO. TD Cowen increased their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird increased their price target 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. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $175.00 to $230.00 in a research note on Monday. Two equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.47.

Insider Buying and Selling

In other news, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, 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 disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $187.14 on Wednesday. The business has a fifty day moving average price of $185.58 and a two-hundred day moving average price of $166.62. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $192.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

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.