Deepwater Asset Management LLC Grows Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Deepwater Asset Management LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,705 shares of the company’s stock after purchasing an additional 1,124 shares during the period. Take-Two Interactive Software accounts for 0.6% of Deepwater Asset Management LLC’s portfolio, making the stock its 21st largest position. Deepwater Asset Management LLC’s holdings in Take-Two Interactive Software were worth $1,665,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC raised its position in shares of Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after buying an additional 166 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares during the last quarter. Crewe Advisors LLC raised 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 during the period. Connectus Wealth LLC lifted its stake in shares of Take-Two Interactive Software by 903.8% in the 4th quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock valued at $31,000 after purchasing an additional 173,308 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO opened at $148.78 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The company has a 50-day moving average of $151.85 and a 200-day moving average of $151.17. The company has a market capitalization of $25.50 billion, a P/E ratio of -6.77, a PEG ratio of 4.43 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Equities analysts expect that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of recent research reports. Benchmark lifted their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, August 12th. Jefferies Financial Group upped their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

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.