Interval Partners LP Has $52.49 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Interval Partners LP raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 144.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,183 shares of the company’s stock after acquiring an additional 120,167 shares during the quarter. Take-Two Interactive Software makes up 0.9% of Interval Partners LP’s investment portfolio, making the stock its 21st largest holding. Interval Partners LP’s holdings in Take-Two Interactive Software were worth $52,494,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Compass Wealth Management LLC purchased a new stake in Take-Two Interactive Software in the 3rd quarter worth approximately $3,419,000. AGF Management Ltd. grew its holdings in shares of Take-Two Interactive Software by 33.1% during the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after acquiring an additional 18,119 shares in the last quarter. M&G PLC purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at $12,465,000. Bank of New York Mellon Corp increased its stake in shares of Take-Two Interactive Software by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock worth $264,692,000 after acquiring an additional 18,959 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth $10,948,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 810 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the transaction, the insider directly owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software Trading Down 0.3%

Take-Two Interactive Software stock opened at $208.58 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $38.62 billion, a price-to-earnings ratio of -9.32, a PEG ratio of 8.57 and a beta of 0.94. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The company’s fifty day moving average price is $221.35 and its two-hundred day moving average price is $238.87.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTWO. UBS Group lifted their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, B. Riley Financial initiated coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

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.