Cartenna Capital LP Buys Shares of 225,000 Take-Two Interactive Software, Inc. $TTWO

Cartenna Capital LP bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 3rd quarter, Holdings Channel reports. The fund bought 225,000 shares of the company’s stock, valued at approximately $58,131,000. Take-Two Interactive Software accounts for about 1.6% of Cartenna Capital LP’s investment portfolio, making the stock its 22nd largest holding.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on TTWO. 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. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Morgan Stanley upped their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $284.44.

Insiders Place Their Bets

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 7,946 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the sale, the chief executive officer directly owned 170,756 shares in the company, valued at approximately $36,569,104.96. This trade represents a 4.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total transaction of $82,600.00. Following the completion of the transaction, the director owned 2,286 shares of the company’s stock, valued at $457,200. This trade represents a 15.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 64,880 shares of company stock worth $13,908,337 over the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Trading Down 0.3%

TTWO opened at $208.58 on Friday. The firm’s fifty day moving average is $221.35 and its two-hundred day moving average is $238.93. The firm has a market cap of $38.62 billion, a PE ratio of -9.32, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79. 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 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.