Alyeska Investment Group L.P. Acquires 524,325 Shares of Take-Two Interactive Software, Inc. (TTWO)
Alyeska Investment Group L.P. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 96.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,065,472 shares of the company’s stock after purchasing an additional 524,325 shares during the period. Take-Two Interactive Software makes up about 0.9% of Alyeska Investment Group L.P.’s portfolio, making the stock its 23rd largest holding. Alyeska Investment Group L.P. owned approximately 0.93% of Take-Two Interactive Software worth $108,923,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $102,000. Invictus RG boosted its holdings in Take-Two Interactive Software by 1,188.8% in the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after purchasing an additional 951 shares during the period. Smithfield Trust Co. bought a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $125,000. Fortaleza Asset Management Inc. bought a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $134,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Take-Two Interactive Software by 124.1% in the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock valued at $166,000 after purchasing an additional 900 shares during the period. 91.26% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the stock. Oppenheimer reissued a “buy” rating and issued a $112.00 price objective (up previously from $93.00) on shares of Take-Two Interactive Software in a report on Monday, September 25th. Buckingham Research began coverage on shares of Take-Two Interactive Software in a report on Wednesday, September 20th. They set a “buy” rating and a $120.00 price target for the company. MKM Partners upped their price target on shares of Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, October 30th. ValuEngine downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Robert W. Baird raised shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $137.00 in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average target price of $112.90.
In related news, CEO Strauss Zelnick sold 31,004 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the completion of the transaction, the chief financial officer now directly owns 351,019 shares of the company’s stock, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. In the last three months, insiders sold 66,504 shares of company stock valued at $7,729,606. 1.55% of the stock is owned by insiders.
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About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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