Picton Mahoney Asset Management Grows Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Picton Mahoney Asset Management increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,199 shares of the company’s stock after purchasing an additional 3,831 shares during the quarter. Picton Mahoney Asset Management’s holdings in Take-Two Interactive Software were worth $6,632,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tectonic Advisors LLC boosted its holdings in Take-Two Interactive Software by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after buying an additional 69 shares during the last quarter. Drive Wealth Management LLC increased its position in shares of Take-Two Interactive Software by 4.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after purchasing an additional 69 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Take-Two Interactive Software by 3.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after purchasing an additional 70 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Take-Two Interactive Software by 14.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after purchasing an additional 70 shares in the last quarter. Finally, Lincoln National Corp boosted its stake in Take-Two Interactive Software by 1.6% during the 4th quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock worth $839,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO traded down $2.36 during trading on Wednesday, hitting $145.97. The stock had a trading volume of 1,230,636 shares, compared to its average volume of 1,609,852. The firm has a market capitalization of $24.90 billion, a P/E ratio of -17.29, a PEG ratio of 1.21 and a beta of 0.75. The company’s 50-day moving average price is $146.48 and its 200 day moving average price is $152.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. Take-Two Interactive Software, Inc. has a twelve month low of $121.72 and a twelve month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the business’s 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 completion of the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, April 19th. JPMorgan Chase & Co. decreased their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Wells Fargo & Company upped their price target on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Finally, Wedbush restated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.61.

Take-Two Interactive Software 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.