SteelPeak Wealth LLC Grows Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

SteelPeak Wealth LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 127.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,788 shares of the company’s stock after purchasing an additional 7,725 shares during the period. SteelPeak Wealth LLC’s holdings in Take-Two Interactive Software were worth $2,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TTWO. LPL Financial LLC boosted its holdings in shares of Take-Two Interactive Software by 21.3% in the 3rd quarter. LPL Financial LLC now owns 102,477 shares of the company’s stock valued at $14,387,000 after buying an additional 18,007 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Take-Two Interactive Software by 110.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after buying an additional 93 shares during the period. Profund Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 13.2% in the 3rd quarter. Profund Advisors LLC now owns 3,018 shares of the company’s stock valued at $424,000 after buying an additional 352 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $410,000. Finally, Tower Research Capital LLC TRC boosted its stake in Take-Two Interactive Software by 196.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,034 shares of the company’s stock valued at $2,391,000 after purchasing an additional 11,291 shares during the period. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TTWO. JPMorgan Chase & Co. boosted their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.09.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $155.49 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $152.81 and a 200 day simple moving average of $154.16. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. Take-Two Interactive Software’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Michael Sheresky sold 218 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now directly owns 64,173 shares in the company, valued at approximately $10,724,591.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. Insiders sold 93,569 shares of company stock worth $13,909,565 in the last quarter. 1.37% of the stock is owned by corporate insiders.

About Take-Two Interactive Software

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.