Elwood Capital Partners LP Grows Position in Take-Two Interactive Software, Inc. $TTWO

Elwood Capital Partners LP raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 52.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,612 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Take-Two Interactive Software comprises approximately 1.8% of Elwood Capital Partners LP’s investment portfolio, making the stock its 13th largest holding. Elwood Capital Partners LP’s holdings in Take-Two Interactive Software were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth $29,000. Meeder Asset Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after buying an additional 93 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the period. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TTWO shares. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Wells Fargo & Company lowered their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a report on Tuesday, February 10th. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research note on Monday, December 1st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $284.44.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $208.58 on Friday. The business’s fifty day moving average is $221.35 and its 200 day moving average is $238.93. The firm has a market cap of $38.62 billion, a price-to-earnings ratio of -9.32, a PEG ratio of 8.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79.

Insider Buying and Selling at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the transaction, the insider owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $200.00, for a total value of $82,600.00. Following the completion of the sale, the director owned 2,286 shares in the company, valued at $457,200. This trade represents a 15.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,880 shares of company stock worth $13,908,337 in the last ninety days. 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.