Intech Investment Management LLC Increases Stock Position in Take-Two Interactive Software, Inc. $TTWO

Intech Investment Management LLC increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,189 shares of the company’s stock after purchasing an additional 2,859 shares during the period. Intech Investment Management LLC’s holdings in Take-Two Interactive Software were worth $8,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the second quarter worth $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Take-Two Interactive Software in the third quarter worth $29,000. NewSquare Capital LLC increased its position in Take-Two Interactive Software by 55.3% during the second quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock valued at $35,000 after acquiring an additional 52 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in 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 acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director directly owned 2,429 shares in the company, valued at $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director directly owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. This trade represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 982 shares of company stock valued at $214,412 in the last ninety days. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

TTWO opened at $211.48 on Friday. The company has a 50 day simple moving average of $229.58 and a two-hundred day simple moving average of $240.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $39.16 billion, a P/E ratio of -9.45, a PEG ratio of 8.74 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 1-year low of $188.56 and a 1-year high of $264.79.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTWO. B. Riley Financial initiated coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target for the company. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, January 29th. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research note on Monday, December 1st. Finally, Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $283.94.

Take-Two Interactive Software 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.