Lecap Asset Management Ltd. Acquires Shares of 2,493 Take-Two Interactive Software, Inc. $TTWO

Lecap Asset Management Ltd. bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,493 shares of the company’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. ORG Partners LLC raised its holdings in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Blue Trust Inc. increased its position in shares of Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 53 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $27,000. LGT Financial Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $34,000. Finally, NewSquare Capital LLC lifted its position in shares of Take-Two Interactive Software by 55.3% during the second quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock worth $35,000 after purchasing an additional 52 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several research reports. DA Davidson upped their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a research note on Monday, December 1st. CICC Research initiated coverage on shares of Take-Two Interactive Software in a report on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price objective for the company. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Twenty equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $266.86.

Take-Two Interactive Software Stock Down 1.7%

Take-Two Interactive Software stock opened at $252.38 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. Take-Two Interactive Software, Inc. has a one year low of $177.35 and a one year high of $264.79. The company has a 50-day simple moving average of $246.62 and a 200-day simple moving average of $243.42. The firm has a market capitalization of $46.63 billion, a P/E ratio of -11.17, a P/E/G ratio of 4.10 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business posted ($2.08) EPS. Take-Two Interactive Software’s revenue was up 33.3% on a year-over-year basis. As a group, equities analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director owned 2,716 shares in the company, valued at approximately $640,840.20. This represents a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,007 shares of company stock valued at $247,095. 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.