Broad Peak Investment Holdings Ltd. Acquires New Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Broad Peak Investment Holdings Ltd. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 221,494 shares of the company's stock, valued at approximately $35,649,000. Take-Two Interactive Software comprises about 5.7% of Broad Peak Investment Holdings Ltd.'s portfolio, making the stock its 8th largest position. Broad Peak Investment Holdings Ltd. owned approximately 0.13% of Take-Two Interactive Software at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Capital World Investors purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $513,164,000. Norges Bank purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $205,528,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 461.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 974,880 shares of the company's stock worth $101,514,000 after buying an additional 801,214 shares during the last quarter. State Street Corp raised its position in shares of Take-Two Interactive Software by 7.3% during the 2nd quarter. State Street Corp now owns 7,531,633 shares of the company's stock valued at $1,108,274,000 after buying an additional 515,226 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Take-Two Interactive Software by 130.8% in the third quarter. Nordea Investment Management AB now owns 653,346 shares of the company's stock valued at $92,122,000 after acquiring an additional 370,229 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Trading Up 1.0 %

Shares of NASDAQ TTWO traded up $1.45 during mid-day trading on Friday, hitting $151.04. The company's stock had a trading volume of 1,355,838 shares, compared to its average volume of 1,683,119. The company's fifty day simple moving average is $152.58 and its 200-day simple moving average is $151.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. Take-Two Interactive Software, Inc. has a one year low of $117.35 and a one year high of $171.59. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of -17.43, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTWO. Wolfe Research started coverage on Take-Two Interactive Software in a research note on Tuesday, December 12th. They set an "outperform" rating and a $186.00 target price for the company. Benchmark increased their target price on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. BMO Capital Markets initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They issued an "outperform" rating and a $200.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, February 9th. Finally, Moffett Nathanson lowered Take-Two Interactive Software from a "buy" rating to a "neutral" rating and cut their target price for the company from $169.00 to $167.00 in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $172.91.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by 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.