OP Asset Management Ltd Takes $5.55 Million Position in Take-Two Interactive Software, Inc. $TTWO

OP Asset Management Ltd bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the first quarter, according to its most recent filing with the SEC. The fund bought 28,096 shares of the company’s stock, valued at approximately $5,549,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $28,000. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $34,000. MV Capital Management Inc. bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $34,000. Finally, True Wealth Design LLC grew its position in shares of Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after acquiring an additional 68 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $238.53 on Friday. The stock has a market capitalization of $44.29 billion, a P/E ratio of -147.24, a PEG ratio of 4.72 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $223.96 and its 200 day moving average is $222.67. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TTWO. BMO Capital Markets raised their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday. Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Wedbush reaffirmed 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. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.71.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 570,015 shares of company stock worth $128,432,857. Company insiders own 1.34% of the company’s stock.

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.