Patton Fund Management Inc. Has $6.15 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Patton Fund Management increased its stake in Take-Two (NASDAQ:TTWO) by 68.4% in Q4, owning 24,000 shares worth about $6.15 million at quarter-end.
• Company insiders sold a total of 65,293 shares over the last three months (roughly $13.99 million), leaving corporate insiders with just 1.34% ownership.
• Analyst sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average price target of $284.31; the stock has a market cap of about $37.29 billion.

Patton Fund Management Inc. grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 68.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,000 shares of the company's stock after buying an additional 9,751 shares during the period. Patton Fund Management Inc.'s holdings in Take-Two Interactive Software were worth $6,145,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Oak Ridge Investments LLC lifted its position in shares of Take-Two Interactive Software by 11.1% in the fourth quarter. Oak Ridge Investments LLC now owns 36,179 shares of the company's stock valued at $9,263,000 after buying an additional 3,622 shares during the last quarter. Assetmark Inc. lifted its position in shares of Take-Two Interactive Software by 12.2% in the fourth quarter. Assetmark Inc. now owns 1,193 shares of the company's stock valued at $305,000 after buying an additional 130 shares during the last quarter. Tectonic Advisors LLC lifted its position in shares of Take-Two Interactive Software by 6.1% in the fourth quarter. Tectonic Advisors LLC now owns 1,447 shares of the company's stock valued at $370,000 after buying an additional 83 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $325,000. Finally, Stanley Laman Group Ltd. lifted its position in shares of Take-Two Interactive Software by 6.4% in the fourth quarter. Stanley Laman Group Ltd. now owns 23,051 shares of the company's stock valued at $5,902,000 after buying an additional 1,379 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares of the company's stock, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 1,698 shares of Take-Two Interactive Software stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the transaction, the insider owned 125,001 shares in the company, valued at approximately $26,702,713.62. The trade was a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 65,293 shares of company stock worth $13,994,803. Corporate insiders own 1.34% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $201.36 on Tuesday. The stock has a market capitalization of $37.29 billion, a PE ratio of -9.00, a P/E/G ratio of 2.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $202.42 and a two-hundred day moving average price of $232.21. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research reports. Weiss Ratings reissued a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Wells Fargo & Company dropped their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $284.31.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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