Maia Wealth LLC Invests $509,000 in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Maia Wealth LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,318 shares of the company’s stock, valued at approximately $509,000.

Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in shares of Take-Two Interactive Software by 14,929.1% in the fourth quarter. International Assets Investment Management LLC now owns 45,388 shares of the company’s stock worth $7,305,000 after acquiring an additional 45,086 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Take-Two Interactive Software by 56.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 171,850 shares of the company’s stock valued at $27,659,000 after purchasing an additional 61,813 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Take-Two Interactive Software by 86.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,162 shares of the company’s stock worth $509,000 after buying an additional 1,462 shares during the period. Mutual of America Capital Management LLC raised its stake in Take-Two Interactive Software by 4.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 38,831 shares of the company’s stock worth $6,250,000 after buying an additional 1,753 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Take-Two Interactive Software by 35.3% in the fourth quarter. Cerity Partners LLC now owns 2,390 shares of the company’s stock valued at $385,000 after buying an additional 623 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at approximately $3,324,626.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Roth Mkm dropped their price target on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Robert W. Baird cut their price target on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 20th. Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $181.81.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $1.18 during midday trading on Wednesday, hitting $143.70. 16,748 shares of the company’s stock were exchanged, compared to its average volume of 1,671,166. The business’s fifty day moving average price is $152.64 and its two-hundred day moving average price is $151.38. The company has a market cap of $25.19 billion, a price-to-earnings ratio of -6.61, a PEG ratio of 4.23 and a beta of 0.84. The company has a current ratio of 0.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 12-month low of $130.34 and a 12-month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.47 EPS. Take-Two Interactive Software’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 1.05 EPS for the current fiscal year.

Take-Two Interactive Software 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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.