Karp Capital Management Corp bought a new position in Take-Two Interactive (NASDAQ:TTWO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,850 shares of the company’s stock, valued at approximately $865,000.
Other large investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC purchased a new position in Take-Two Interactive in the fourth quarter worth about $110,000. Massey Quick Simon & CO. LLC lifted its holdings in Take-Two Interactive by 143.6% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,062 shares of the company’s stock worth $104,000 after purchasing an additional 626 shares in the last quarter. Global X Management Co. LLC purchased a new position in Take-Two Interactive in the 1st quarter worth approximately $112,000. Cerebellum GP LLC purchased a new position in Take-Two Interactive in the 4th quarter worth approximately $133,000. Finally, Huntington National Bank lifted its holdings in Take-Two Interactive by 75.0% in the 4th quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after purchasing an additional 608 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Michael Sheresky sold 428 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $108.11, for a total transaction of $46,271.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 12,263 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $93.95, for a total value of $1,152,108.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 492,559 shares of company stock worth $47,115,477. Corporate insiders own 1.55% of the company’s stock.
A number of research firms recently commented on TTWO. Morgan Stanley began coverage on Take-Two Interactive in a report on Thursday, February 1st. They issued an “overweight” rating and a $150.00 price target on the stock. BidaskClub cut Take-Two Interactive from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Wedbush set a $126.00 price target on Take-Two Interactive and gave the stock a “hold” rating in a report on Thursday, February 8th. Barclays reissued an “overweight” rating and issued a $128.00 price target (up from $121.00) on shares of Take-Two Interactive in a report on Thursday, February 8th. Finally, Zacks Investment Research raised Take-Two Interactive from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $125.35.
NASDAQ TTWO opened at $113.47 on Wednesday. The company has a market cap of $13.09 billion, a PE ratio of 37.76, a P/E/G ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18. Take-Two Interactive has a fifty-two week low of $111.72 and a fifty-two week high of $114.76.
Take-Two Interactive Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.
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