Picton Mahoney Asset Management Has $6.63 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Picton Mahoney Asset Management increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,199 shares of the company’s stock after buying an additional 3,831 shares during the period. Picton Mahoney Asset Management’s holdings in Take-Two Interactive Software were worth $6,632,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. CVA Family Office LLC acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $25,000. MCF Advisors LLC raised its stake in Take-Two Interactive Software by 1,677.8% during the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the fourth quarter worth about $26,000. Cary Street Partners Investment Advisory LLC grew its stake in Take-Two Interactive Software by 110.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Take-Two Interactive Software in the third quarter worth about $27,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded down $2.36 during midday trading on Wednesday, reaching $145.97. The stock had a trading volume of 1,230,636 shares, compared to its average volume of 1,609,852. The firm has a market cap of $24.90 billion, a PE ratio of -17.29, a P/E/G ratio of 1.21 and a beta of 0.75. The firm has a 50 day simple moving average of $146.48 and a 200-day simple moving average of $152.39. Take-Two Interactive Software, Inc. has a one year low of $121.72 and a one year high of $171.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

TTWO has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price target for the company from $170.00 to $200.00 in a report on Monday, April 8th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Take-Two Interactive Software in a report on Friday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Finally, BMO Capital Markets began coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.