Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Purchased by Deepwater Asset Management LLC

Deepwater Asset Management LLC grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,705 shares of the company’s stock after acquiring an additional 1,124 shares during the quarter. Take-Two Interactive Software comprises about 0.6% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Deepwater Asset Management LLC’s holdings in Take-Two Interactive Software were worth $1,665,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TD Asset Management Inc lifted its position in Take-Two Interactive Software by 269.8% in the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after purchasing an additional 361,273 shares during the last quarter. Secured Retirement Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $953,000. Nordea Investment Management AB boosted its position in shares of Take-Two Interactive Software by 3.5% during the first quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after buying an additional 24,723 shares during the period. QRG Capital Management Inc. grew its holdings in Take-Two Interactive Software by 169.7% in the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after buying an additional 9,076 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Take-Two Interactive Software by 421.0% in the 4th quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock valued at $52,632,000 after acquiring an additional 264,244 shares during the period. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the subject of a number of analyst reports. Bank of America reiterated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Monday, August 12th. Benchmark boosted their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus increased their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Morgan Stanley raised their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $183.55.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

TTWO stock opened at $148.78 on Friday. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59. The firm has a 50-day moving average of $151.85 and a two-hundred day moving average of $151.17. The firm has a market capitalization of $25.50 billion, a PE ratio of -6.77, a P/E/G ratio of 4.43 and a beta of 0.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

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.