GAMMA Investing LLC Acquires New Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

GAMMA Investing LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,017 shares of the company’s stock, valued at approximately $168,000.

Other large investors have also bought and sold shares of the company. Tectonic Advisors LLC increased its stake in Take-Two Interactive Software by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after purchasing an additional 69 shares in the last quarter. Drive Wealth Management LLC increased its stake in Take-Two Interactive Software by 4.5% in the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after purchasing an additional 69 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Take-Two Interactive Software by 3.7% in the third 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 in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Take-Two Interactive Software by 14.8% in the fourth 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, Parkside Financial Bank & Trust increased its stake in Take-Two Interactive Software by 34.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 340 shares of the company’s stock valued at $55,000 after purchasing an additional 88 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $144.47 on Friday. Take-Two Interactive Software, Inc. has a 52-week low of $119.57 and a 52-week high of $171.59. The firm has a 50-day moving average of $147.33 and a 200-day moving average of $152.16. 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 (NASDAQ:TTWO) last released its quarterly earnings results 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 positive return on equity of 3.03% and a negative net margin of 26.90%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Karl Slatoff sold 90,851 shares of the firm’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 transaction, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Karl Slatoff sold 90,851 shares of the firm’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 in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research note on Friday, April 19th. Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $167.00 in a research report on Monday, February 5th. BMO Capital Markets began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.61.

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.