Prosperity Financial Group Inc. Buys New Shares in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Prosperity Financial Group Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,793 shares of the company’s stock, valued at approximately $429,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hartford Investment Management Co. lifted its position 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 worth $1,576,000 after buying an additional 74 shares during the last quarter. Huntington National Bank raised its position in Take-Two Interactive Software by 9.3% in the 3rd 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. Chicago Capital LLC lifted its stake 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 worth $459,000 after purchasing an additional 85 shares during the last quarter. Studio Investment Management LLC boosted its position in Take-Two Interactive Software by 3.9% during the third quarter. Studio Investment Management LLC now owns 2,303 shares of the company’s stock valued at $354,000 after buying an additional 86 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Take-Two Interactive Software by 15.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after buying an additional 91 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Up 0.8 %

TTWO opened at $188.15 on Monday. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $188.45. The stock has a 50-day moving average price of $162.18 and a 200-day moving average price of $156.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Transactions at Take-Two Interactive Software

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TTWO shares. BMO Capital Markets increased their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday, August 12th. Oppenheimer boosted their price target on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Two equities research 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 company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.75.

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.