Wellspring Financial Advisors LLC Takes $217,000 Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wellspring Financial Advisors LLC purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,179 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Versant Capital Management Inc raised its position in Take-Two Interactive Software by 87.0% in 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 during the last quarter. Friedenthal Financial purchased a new position in Take-Two Interactive Software in the 4th quarter worth about $50,000. First Horizon Advisors Inc. lifted its stake in Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock valued at $51,000 after acquiring an additional 54 shares during the period. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $53,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 6.9 %

NASDAQ TTWO opened at $194.58 on Monday. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $220.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a market cap of $34.34 billion, a PE ratio of -9.12, a P/E/G ratio of 6.83 and a beta of 1.01. The stock’s 50 day moving average is $205.30 and its 200 day moving average is $184.93.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTWO. Moffett Nathanson increased their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Ascendiant Capital Markets raised their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group upped their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Raymond James reissued an “outperform” rating and issued a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Finally, DA Davidson initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.38.

About Take-Two Interactive Software

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.