Permanent Capital Management LP Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Permanent Capital Management LP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,048 shares of the company's stock, valued at approximately $377,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in Take-Two Interactive Software in the third quarter valued at about $31,000. Assetmark Inc. boosted its stake in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after buying an additional 106 shares during the period. Versant Capital Management Inc increased its position in shares of Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after acquiring an additional 87 shares during the last quarter. Finally, AM Squared Ltd purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $46,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock traded up $1.53 on Wednesday, reaching $205.33. 1,414,932 shares of the stock were exchanged, compared to its average volume of 1,783,928. The firm has a market capitalization of $36.24 billion, a PE ratio of -9.63, a PEG ratio of 6.83 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $218.75. The business has a fifty day moving average price of $196.32 and a two-hundred day moving average price of $178.30. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on TTWO shares. Raymond James reiterated an "outperform" rating and issued a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. StockNews.com lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. The Goldman Sachs Group lifted their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, Oppenheimer upped their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.38.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.