Meridiem Capital Partners LP Buys New Holdings in Take-Two Interactive Software, Inc. $TTWO

Meridiem Capital Partners LP purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 29,340 shares of the company’s stock, valued at approximately $7,580,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA raised its position in shares of Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares during the period. Miracle Mile Advisors LLC grew its position in Take-Two Interactive Software by 0.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after purchasing an additional 39 shares during the period. Mather Group LLC. increased its stake in Take-Two Interactive Software by 2.7% during the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after purchasing an additional 39 shares in the last quarter. Blue Trust Inc. raised its holdings in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after buying an additional 45 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its stake in shares of Take-Two Interactive Software by 28.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after buying an additional 46 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 52,054 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the completion of the transaction, the chief executive officer directly owned 178,702 shares of the company’s stock, valued at approximately $38,313,708.80. This represents a 22.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 64,880 shares of company stock valued at $13,908,337 in the last quarter. 1.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTWO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a report on Monday, December 1st. Finally, DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $284.44.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded up $0.56 during trading hours on Friday, reaching $209.76. 332,328 shares of the company were exchanged, compared to its average volume of 2,307,678. The stock has a market capitalization of $38.84 billion, a P/E ratio of -9.33, a P/E/G ratio of 8.65 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79. The business’s 50 day simple moving average is $222.21 and its 200-day simple moving average is $239.03.

Take-Two Interactive Software Company 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.