Meyer Handelman Co. Acquires New Shares in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Meyer Handelman Co. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,100 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in shares of Take-Two Interactive Software by 16.3% during the 4th quarter. Park Avenue Securities LLC now owns 3,703 shares of the company’s stock worth $682,000 after buying an additional 518 shares during the period. Miracle Mile Advisors LLC lifted its position in Take-Two Interactive Software by 71.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 8,505 shares of the company’s stock worth $1,566,000 after acquiring an additional 3,545 shares during the last quarter. Friedenthal Financial bought a new stake in Take-Two Interactive Software during the fourth quarter valued at about $50,000. Wedmont Private Capital grew its position in shares of Take-Two Interactive Software by 11.9% in the fourth quarter. Wedmont Private Capital now owns 2,053 shares of the company’s stock valued at $367,000 after purchasing an additional 218 shares during the last quarter. Finally, Asset Allocation & Management Company LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $253,000. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares of the company’s stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Trading Up 0.7 %

TTWO opened at $181.32 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $184.35 and its 200-day simple moving average is $164.28. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.14.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTWO. The Goldman Sachs Group increased their target price 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. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Citigroup boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Roth Mkm raised their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.58.

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.