Tealwood Asset Management Inc. Invests $1.69 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Tealwood Asset Management Inc. bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,975 shares of the company’s stock, valued at approximately $1,687,000.

Several other hedge funds have also recently added to or reduced their stakes in TTWO. Secured Retirement Advisors LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $953,000. Nordea Investment Management AB raised its stake in shares of Take-Two Interactive Software by 3.5% in the first quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock valued at $109,182,000 after acquiring an additional 24,723 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 169.7% in the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after acquiring an additional 9,076 shares in the last quarter. Wellington Management Group LLP grew its position in Take-Two Interactive Software by 421.0% during the 4th quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock worth $52,632,000 after acquiring an additional 264,244 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its position in Take-Two Interactive Software by 127.4% during the 1st quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company’s stock worth $2,047,000 after acquiring an additional 7,725 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Benchmark upped their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus raised their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Bank of America reaffirmed a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Finally, Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price target on the stock. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and a consensus target price of $185.10.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was 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 directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Trading Up 0.4 %

NASDAQ:TTWO traded up $0.58 during mid-day trading on Tuesday, hitting $152.79. The company had a trading volume of 121,400 shares, compared to its average volume of 1,629,092. 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 fifty-two week low of $130.34 and a fifty-two week high of $171.59. The firm has a market cap of $26.19 billion, a P/E ratio of -6.92, a P/E/G ratio of 4.40 and a beta of 0.86. The business’s fifty day moving average is $151.82 and its two-hundred day moving average is $151.65.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. As a group, research analysts expect 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.