MAI Capital Management Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

MAI Capital Management decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,612 shares of the company’s stock after selling 672 shares during the quarter. MAI Capital Management’s holdings in Take-Two Interactive Software were worth $8,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. increased its holdings in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Blue Trust Inc. raised its position in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $37,000. Finally, BOKF NA boosted its holdings in shares of Take-Two Interactive Software by 466.7% during the 1st quarter. BOKF NA now owns 272 shares of the company’s stock valued at $41,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TTWO shares. Wedbush restated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. UBS Group increased their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America reiterated a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. TD Cowen increased their target price on Take-Two Interactive Software from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.70.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $182.93 on Tuesday. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $183.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day moving average is $159.52 and its 200 day moving average is $155.44.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This trade 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 at the SEC website. Company insiders own 1.45% of the company’s stock.

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.