Mark Asset Management LP Raises Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mark Asset Management LP boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,011 shares of the company’s stock after buying an additional 20,360 shares during the quarter. Take-Two Interactive Software accounts for approximately 2.1% of Mark Asset Management LP’s portfolio, making the stock its 12th largest holding. Mark Asset Management LP’s holdings in Take-Two Interactive Software were worth $21,459,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. ORG Partners LLC grew its stake in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Connectus Wealth LLC raised its position in shares of Take-Two Interactive Software by 903.8% during the 4th quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock worth $31,000 after purchasing an additional 173,308 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 0.6 %

Shares of Take-Two Interactive Software stock opened at $151.69 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The business has a 50-day moving average of $151.76 and a 200-day moving average of $151.30. The company has a market capitalization of $26.59 billion, a PE ratio of -6.90, a P/E/G ratio of 4.39 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, August 12th. Benchmark lifted their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.10.

Take-Two Interactive Software 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.