1832 Asset Management L.P. Purchases 538,906 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

1832 Asset Management L.P. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 49.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,619,380 shares of the company's stock after purchasing an additional 538,906 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.92% of Take-Two Interactive Software worth $251,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. ORG Partners LLC grew its stake in Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company's stock worth $26,000 after acquiring an additional 136 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company's stock worth $30,000 after acquiring an additional 143 shares in the last quarter. Connectus Wealth LLC boosted its stake in shares of Take-Two Interactive Software by 903.8% during the 4th quarter. Connectus Wealth LLC now owns 192,484 shares of the company's stock worth $31,000 after acquiring an additional 173,308 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company's stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley upped their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Bank of America reiterated a "buy" rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Benchmark boosted their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Hsbc Global Res raised Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Finally, Redburn Atlantic started coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They set a "buy" rating and a $194.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.55.

Take-Two Interactive Software Price Performance

Shares of TTWO traded down $4.88 during mid-day trading on Friday, reaching $148.78. The company had a trading volume of 5,624,006 shares, compared to its average volume of 1,655,742. Take-Two Interactive Software, Inc. has a twelve month low of $130.34 and a twelve month high of $171.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The company's 50-day moving average is $151.85 and its 200-day moving average is $151.17. The company has a market capitalization of $25.50 billion, a P/E ratio of -6.77, a P/E/G ratio of 4.43 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.