Elwood Capital Partners LP Raises Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Elwood Capital Partners LP boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 52.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,612 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Take-Two Interactive Software comprises approximately 1.8% of Elwood Capital Partners LP’s portfolio, making the stock its 13th biggest holding. Elwood Capital Partners LP’s holdings in Take-Two Interactive Software were worth $3,000,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Compass Wealth Management LLC purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at $3,419,000. AGF Management Ltd. increased its stake in Take-Two Interactive Software by 33.1% in the third quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after acquiring an additional 18,119 shares during the last quarter. M&G PLC bought a new position in Take-Two Interactive Software in the third quarter valued at $12,465,000. Bank of New York Mellon Corp raised its position in Take-Two Interactive Software by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock valued at $264,692,000 after purchasing an additional 18,959 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in Take-Two Interactive Software during the third quarter worth about $10,948,000. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $208.58 on Friday. The stock has a market capitalization of $38.62 billion, a P/E ratio of -9.32, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. 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 business’s 50 day simple moving average is $221.35 and its two-hundred day simple moving average is $238.93.

Analysts Set New Price Targets

TTWO has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. UBS Group lifted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $284.44.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 1,698 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total transaction of $362,726.76. Following the completion of the sale, the insider directly owned 125,001 shares in the company, valued at $26,702,713.62. This represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. The trade was a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,880 shares of company stock valued at $13,908,337 over the last quarter. Company insiders own 1.34% of the company’s stock.

About Take-Two Interactive Software

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.