TimesSquare Capital Management LLC Has $49.96 Million Stake in Take-Two Interactive Software, Inc. $TTWO

TimesSquare Capital Management LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,119 shares of the company’s stock after buying an additional 7,860 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Take-Two Interactive Software were worth $49,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software in the first quarter valued at approximately $425,000. Empowered Funds LLC increased its stake in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Take-Two Interactive Software in the second quarter valued at approximately $2,747,000. Finally, Jump Financial LLC increased its stake in Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after purchasing an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.1%

Shares of Take-Two Interactive Software stock opened at $242.16 on Tuesday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The business has a 50-day moving average of $210.04 and a two-hundred day moving average of $226.20. The company has a market capitalization of $44.84 billion, a P/E ratio of -10.82, a price-to-earnings-growth ratio of 3.62 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Analysts Set New Price Targets

Several equities research analysts have commented on TTWO shares. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.93.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately $415,320. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 7,946 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer owned 170,756 shares of the company’s stock, valued at approximately $36,569,104.96. The trade was a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 65,292 shares of company stock valued at $13,978,938. 1.34% of the stock is owned by company insiders.

About Take-Two Interactive Software

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.