Cookson Peirce & Co. Inc. Invests $2.13 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cookson Peirce & Co. Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,234 shares of the company's stock, valued at approximately $2,130,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TTWO. Wellington Management Group LLP increased its position in Take-Two Interactive Software by 192.4% during the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company's stock worth $8,811,000 after purchasing an additional 41,297 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth about $17,169,000. Rheos Capital Works Inc. increased its position in Take-Two Interactive Software by 380.3% during the 4th quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company's stock worth $38,419,000 after purchasing an additional 189,000 shares in the last quarter. Caxton Associates LP increased its position in Take-Two Interactive Software by 4,029.8% during the 3rd quarter. Caxton Associates LP now owns 70,000 shares of the company's stock worth $9,827,000 after purchasing an additional 68,305 shares in the last quarter. Finally, Mariner LLC grew its holdings in Take-Two Interactive Software by 223.2% in the 3rd quarter. Mariner LLC now owns 497,060 shares of the company's stock valued at $69,783,000 after buying an additional 343,277 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.37% of the company's stock.

Take-Two Interactive Software Stock Up 0.1 %

Shares of TTWO traded up $0.15 during trading on Tuesday, reaching $145.45. The company's stock had a trading volume of 1,874,182 shares, compared to its average volume of 1,669,407. The company has a fifty day moving average of $149.97 and a two-hundred day moving average of $152.21. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The company has a market cap of $24.81 billion, a price-to-earnings ratio of -16.95, a P/E/G ratio of 1.25 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. On average, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTWO has been the subject of several recent analyst reports. Benchmark lifted their price target on Take-Two Interactive Software from $164.00 to $200.00 and gave the company a "buy" rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their price target on Take-Two Interactive Software from $165.00 to $200.00 and gave the company a "buy" rating in a report on Friday, January 19th. BMO Capital Markets initiated coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an "outperform" rating and a $200.00 price target for the company. Citigroup upgraded Take-Two Interactive Software from a "neutral" rating to a "buy" rating and lifted their price target for the company from $170.00 to $200.00 in a report on Monday, April 8th. Finally, Moffett Nathanson cut Take-Two Interactive Software from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $169.00 to $167.00 in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.39.

About Take-Two Interactive Software

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.