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

Elwood Capital Partners LP acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,000 shares of the company's stock, valued at approximately $920,000. Take-Two Interactive Software accounts for about 0.9% of Elwood Capital Partners LP's portfolio, making the stock its 20th largest position.

Other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Take-Two Interactive Software during the third quarter worth about $27,000. Assetmark Inc. grew its holdings in shares of Take-Two Interactive Software by 155.9% during the 4th 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 increased its position in Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after purchasing an additional 87 shares in the last quarter. Friedenthal Financial purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $50,000. Finally, First Horizon Advisors Inc. raised its holdings in Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after buying an additional 54 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Down 6.9 %

NASDAQ:TTWO traded down $14.35 during mid-day trading on Friday, reaching $194.58. The stock had a trading volume of 3,683,743 shares, compared to its average volume of 1,614,838. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $34.34 billion, a price-to-earnings ratio of -9.12, a price-to-earnings-growth 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 $220.93. The stock's 50 day simple moving average is $205.30 and its two-hundred day simple moving average is $184.70.

Analysts Set New Price Targets

TTWO has been the subject of several recent research reports. Ascendiant Capital Markets increased their price objective 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. Wedbush reiterated an "outperform" rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a report on Friday, February 7th. Moffett Nathanson raised their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Benchmark reaffirmed a "buy" rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Finally, DA Davidson began coverage on Take-Two Interactive Software in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.38.

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.