Strategic Planning Group LLC Invests $3.20 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Strategic Planning Group LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,408 shares of the company’s stock, valued at approximately $3,204,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTWO. Public Sector Pension Investment Board increased its stake in shares of Take-Two Interactive Software by 174.2% in the second quarter. Public Sector Pension Investment Board now owns 5,619 shares of the company’s stock valued at $874,000 after buying an additional 3,570 shares during the period. AQR Capital Management LLC increased its position in Take-Two Interactive Software by 5.9% in the 2nd quarter. AQR Capital Management LLC now owns 19,265 shares of the company’s stock valued at $2,996,000 after acquiring an additional 1,078 shares during the period. Creative Planning raised its stake in shares of Take-Two Interactive Software by 27.6% during the second quarter. Creative Planning now owns 26,244 shares of the company’s stock valued at $4,081,000 after acquiring an additional 5,681 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Take-Two Interactive Software by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 85,495 shares of the company’s stock worth $13,294,000 after purchasing an additional 5,445 shares during the period. Finally, Quarry LP grew its stake in shares of Take-Two Interactive Software by 156.7% in the second quarter. Quarry LP now owns 421 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of several recent research reports. StockNews.com raised Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Monday, December 9th. Stifel Nicolaus boosted their price target on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, TD Cowen increased their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.47.

Take-Two Interactive Software Stock Up 1.6 %

Shares of NASDAQ:TTWO opened at $190.09 on Thursday. The stock’s 50 day moving average is $185.67 and its 200-day moving average is $166.78. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

In related 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 completion of the sale, the director now owns 9,692 shares in the company, 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 can be accessed through this link. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

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.