Picton Mahoney Asset Management Acquires 1,850 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Picton Mahoney Asset Management increased its stake in Take-Two Interactive Software by 4.4%, acquiring an additional 1,850 shares to reach a total of 44,275 shares, valued at approximately $9.18 million.
• Several institutional investors have also adjusted their positions, with a significant increase in holdings, highlighting growing institutional interest in Take-Two Interactive Software.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Take-Two Interactive, with price targets ranging from $236.00 to $275.00, indicating potential bullish sentiment for the stock's future performance.

Picton Mahoney Asset Management increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,275 shares of the company's stock after purchasing an additional 1,850 shares during the quarter. Picton Mahoney Asset Management's holdings in Take-Two Interactive Software were worth $9,176,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of Take-Two Interactive Software by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,612 shares of the company's stock worth $1,401,000 after buying an additional 253 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $302,000. LPL Financial LLC raised its stake in Take-Two Interactive Software by 8.6% in the 4th quarter. LPL Financial LLC now owns 100,872 shares of the company's stock valued at $18,569,000 after purchasing an additional 7,949 shares during the last quarter. Korea Investment CORP raised its stake in Take-Two Interactive Software by 229.5% in the 4th quarter. Korea Investment CORP now owns 79,493 shares of the company's stock valued at $14,633,000 after purchasing an additional 55,367 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Take-Two Interactive Software by 1.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 57,385 shares of the company's stock valued at $10,563,000 after purchasing an additional 1,079 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the president directly owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the sale, the insider directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock valued at $104,014,443 over the last 90 days. 1.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Robert W. Baird lifted their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Benchmark lifted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average target price of $234.05.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $2.12 during mid-day trading on Tuesday, hitting $223.98. 1,857,406 shares of the stock traded hands, compared to its average volume of 1,636,563. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07. The company has a market cap of $39.74 billion, a PE ratio of -8.82, a price-to-earnings-growth ratio of 5.88 and a beta of 1.03. The firm has a 50 day simple moving average of $233.91 and a two-hundred day simple moving average of $217.05.

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.