PKO Investment Management Joint Stock Co Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• PKO Investment Management bought a new stake of 6,000 shares in Take-Two (NASDAQ:TTWO) in Q4, valued at approximately $1.536 million.
• Wall Street maintains a "Moderate Buy" consensus with a $284.31 average target, as most analysts rate the stock Buy and several firms recently raised targets into the ~$275–$300 range.
• Insiders have been net sellers recently: CEO Strauss Zelnick sold 7,946 shares (~$1.7M) and insiders sold 65,292 shares worth about $13.98M over the last 90 days, leaving insiders with roughly 1.34% ownership.

PKO Investment Management Joint Stock Co bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,000 shares of the company's stock, valued at approximately $1,536,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $26,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the 4th quarter worth $28,000. Pinnacle Bancorp Inc. acquired a new stake in Take-Two Interactive Software during the 3rd quarter worth $29,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $34,000. Finally, Meeder Asset Management Inc. raised its position in shares of Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock valued at $35,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $216.03 on Friday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The stock has a market cap of $40.00 billion, a P/E ratio of -9.65, a PEG ratio of 3.23 and a beta of 0.97. The company has a 50-day moving average price of $206.04 and a 200 day moving average price of $228.41. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTWO. DA Davidson reissued a "buy" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an "overweight" rating in a report on Tuesday, January 13th. Wells Fargo & Company lowered their target price on Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating on the stock in a report on Monday, April 6th. UBS Group upped their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. 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 analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.31.

Insiders Place Their Bets

In related news, CEO Strauss Zelnick sold 7,946 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer directly owned 170,756 shares in the company, valued at approximately $36,569,104.96. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 810 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the transaction, the insider owned 124,191 shares in the company, valued at $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 65,292 shares of company stock worth $13,978,938. 1.34% of the stock is currently owned by company insiders.

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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