Bull Harbor Capital LLC Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Bull Harbor Capital LLC acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,639 shares of the company’s stock, valued at approximately $521,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter valued at about $28,000. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the 4th quarter valued at about $34,000. MV Capital Management Inc. acquired a new stake in Take-Two Interactive Software in the 4th quarter worth about $34,000. Finally, Reflection Asset Management acquired a new stake in Take-Two Interactive Software in the 4th quarter worth about $40,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the transaction, the insider owned 131,668 shares in the company, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 569,936 shares of company stock valued at $128,431,438 over the last three months. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.8%

TTWO stock opened at $242.92 on Friday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The firm’s 50 day moving average price is $234.53 and its 200-day moving average price is $221.68. The firm has a market cap of $45.42 billion, a PE ratio of -149.95, a PEG ratio of 4.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Wall Street Analyst Weigh In

TTWO has been the subject of several research reports. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $294.44.

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.