Tectonic Advisors LLC Grows Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Tectonic Advisors LLC grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,774 shares of the company’s stock after acquiring an additional 222 shares during the quarter. Tectonic Advisors LLC’s holdings in Take-Two Interactive Software were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Take-Two Interactive Software during the third quarter worth about $27,000. Versant Capital Management Inc lifted its position in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after buying an additional 87 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $31,000. Friedenthal Financial bought a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $50,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 0.8 %

TTWO stock opened at $184.92 on Thursday. The stock has a 50-day simple moving average of $185.58 and a two-hundred day simple moving average of $167.99. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTWO. Roth Mkm boosted their price objective on 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. Wedbush reissued an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Monday, December 9th. BMO Capital Markets restated an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. TD Cowen boosted their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Stifel Nicolaus increased their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $206.24.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $145,796.28. Following the completion of the sale, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Company 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.