Jag Capital Management LLC Acquires 87,186 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Jag Capital Management LLC increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2,015.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,511 shares of the company's stock after buying an additional 87,186 shares during the quarter. Take-Two Interactive Software comprises 2.3% of Jag Capital Management LLC's portfolio, making the stock its 19th largest position. Jag Capital Management LLC owned about 0.05% of Take-Two Interactive Software worth $14,729,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TTWO. Tectonic Advisors LLC increased its position in shares of Take-Two Interactive Software by 4.2% during the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company's stock worth $276,000 after acquiring an additional 69 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Take-Two Interactive Software by 4.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company's stock valued at $258,000 after buying an additional 69 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Take-Two Interactive Software by 3.7% during the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company's stock worth $279,000 after buying an additional 70 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Take-Two Interactive Software by 14.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company's stock worth $87,000 after buying an additional 70 shares during the last quarter. Finally, Lincoln National Corp raised its holdings in Take-Two Interactive Software by 1.6% in the fourth quarter. Lincoln National Corp now owns 5,215 shares of the company's stock valued at $839,000 after acquiring an additional 81 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TTWO shares. The Goldman Sachs Group raised their price objective on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, January 19th. JPMorgan Chase & Co. lowered their price objective on Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating for the company in a report on Friday, February 9th. Oppenheimer reaffirmed an "outperform" rating and set a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Friday. Finally, Bank of America dropped their price target on Take-Two Interactive Software from $170.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.39.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $1.76 on Friday, reaching $147.84. The company's stock had a trading volume of 5,611,298 shares, compared to its average volume of 1,667,689. Take-Two Interactive Software, Inc. has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $25.22 billion, a P/E ratio of -17.23, a price-to-earnings-growth ratio of 1.29 and a beta of 0.75. The firm has a fifty day moving average of $146.50 and a two-hundred day moving average of $152.68.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($17.09). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. Take-Two Interactive Software's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. As a group, analysts predict that Take-Two Interactive Software, Inc. will post 0.64 EPS for the current fiscal year.

Insider Activity

In other news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company's stock.

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.