Empirical Capital Management LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 7.1% during the 4th quarter, HoldingsChannel reports. The firm owned 75,500 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Take-Two Interactive Software accounts for about 12.7% of Empirical Capital Management LLC’s portfolio, making the stock its 3rd largest position. Empirical Capital Management LLC’s holdings in Take-Two Interactive Software were worth $19,330,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in TTWO. LBP AM SA grew its stake in shares of Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares in the last quarter. AGF Management Ltd. grew its stake in shares of Take-Two Interactive Software by 33.1% during the third quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after acquiring an additional 18,119 shares in the last quarter. Compass Wealth Management LLC acquired a new stake in shares of Take-Two Interactive Software during the third quarter valued at about $3,419,000. M&G PLC acquired a new stake in shares of Take-Two Interactive Software during the third quarter valued at about $12,465,000. Finally, Swedbank AB grew its stake in Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after purchasing an additional 9,556 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TTWO has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research note on Tuesday, February 10th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.53.
Take-Two Interactive Software Stock Performance
Shares of TTWO stock opened at $217.87 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $212.97 and a two-hundred day moving average of $224.91. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The company has a market cap of $40.45 billion, a P/E ratio of -134.49, a PEG ratio of 3.34 and a beta of 0.97.
Insider Buying and Selling
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 810 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the transaction, the insider directly owned 124,191 shares in the company, valued at $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 133,026 shares of company stock valued at $29,057,428. 1.34% of the stock is currently owned by insiders.
About Take-Two Interactive Software
Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.
Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.
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