Blue Grotto Capital LLC Acquires New Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Blue Grotto Capital LLC acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,900 shares of the company's stock, valued at approximately $20,783,000. Take-Two Interactive Software accounts for approximately 3.8% of Blue Grotto Capital LLC's investment portfolio, making the stock its 13th largest holding. Blue Grotto Capital LLC owned 0.06% of Take-Two Interactive Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TTWO. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $27,000. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at $31,000. Assetmark Inc. increased its holdings in shares of Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the period. Versant Capital Management Inc raised its position in shares of Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after buying an additional 87 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $50,000. 95.46% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on TTWO shares. JPMorgan Chase & Co. raised their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. DA Davidson assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. BMO Capital Markets reissued an "outperform" rating and issued a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. The Goldman Sachs Group raised their price objective on shares of 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. Finally, Ascendiant Capital Markets upped their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $213.38.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $3.82 during midday trading on Friday, reaching $210.47. 1,439,370 shares of the stock traded hands, compared to its average volume of 1,595,046. The company's 50 day moving average is $203.24 and its 200 day moving average is $182.83. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $220.93. The stock has a market capitalization of $37.15 billion, a PE ratio of -9.87, a P/E/G ratio of 6.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83.

Take-Two Interactive Software Company Profile

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.