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

Hudson Bay Capital Management LP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,933 shares of the company's stock, valued at approximately $2,197,000.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its holdings in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock valued at $32,000 after acquiring an additional 106 shares during the period. Itau Unibanco Holding S.A. increased its stake in Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after acquiring an additional 72 shares during the last quarter. Friedenthal Financial purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at about $50,000. First Horizon Advisors Inc. boosted its position in Take-Two Interactive Software by 24.2% during 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. Finally, Mizuho Bank Ltd. purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTWO. Benchmark increased their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Friday. Ascendiant Capital Markets raised their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. StockNews.com raised shares of Take-Two Interactive Software from a "sell" rating to a "hold" rating in a research note on Tuesday. Oppenheimer raised their price target on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, January 21st. Finally, BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $225.48.

Take-Two Interactive Software Price Performance

Shares of TTWO traded down $5.60 during trading hours on Friday, reaching $226.74. 4,376,875 shares of the stock traded hands, compared to its average volume of 1,722,876. The company has a market cap of $40.02 billion, a P/E ratio of -10.63, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $239.80. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company's 50-day moving average price is $214.89 and its two-hundred day moving average price is $198.36.

Take-Two Interactive Software 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.