Polymer Capital Management HK LTD Buys New Position in Take-Two Interactive Software, Inc. $TTWO

Polymer Capital Management HK LTD bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 3,024 shares of the company’s stock, valued at approximately $774,000.

Several other hedge funds have also modified their holdings of TTWO. MCF Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at approximately $34,000. True Wealth Design LLC grew its stake in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Take-Two Interactive Software during the 3rd quarter valued at approximately $41,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Down 0.2%

Shares of NASDAQ TTWO opened at $211.75 on Friday. The stock’s 50 day simple moving average is $217.25 and its 200 day simple moving average is $223.39. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $39.32 billion, a price-to-earnings ratio of -130.71, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Analyst Ratings Changes

TTWO has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Piper Sandler restated a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Read Our Latest Stock Analysis on TTWO

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the sale, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,588 shares of company stock worth $126,322,522 over the last ninety days. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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