Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 49.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,619,380 shares of the company’s stock after purchasing an additional 538,906 shares during the period. 1832 Asset Management L.P. owned 0.92% of Take-Two Interactive Software worth $251,797,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TTWO. ORG Partners LLC increased its holdings 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 acquiring an additional 166 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the period. Crewe Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after buying an additional 143 shares during the period. Connectus Wealth LLC lifted its position in shares of Take-Two Interactive Software by 903.8% in the fourth quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock worth $31,000 after purchasing an additional 173,308 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TTWO. Wedbush reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Bank of America reiterated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Stifel Nicolaus upped their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Morgan Stanley upped their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $183.55.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $148.78 on Friday. The company has a market capitalization of $25.50 billion, a price-to-earnings ratio of -6.77, a P/E/G ratio of 4.43 and a beta of 0.86. The firm’s 50 day simple moving average is $151.85 and its 200 day simple moving average is $151.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

About Take-Two Interactive Software

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.