NEOS Investment Management LLC Grows Stake in Take-Two Interactive Software, Inc. $TTWO

NEOS Investment Management LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 73.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,891 shares of the company’s stock after acquiring an additional 29,156 shares during the period. NEOS Investment Management LLC’s holdings in Take-Two Interactive Software were worth $17,799,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the second quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new position in Take-Two Interactive Software during the 3rd quarter valued at approximately $29,000. LGT Financial Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth about $34,000. Finally, NewSquare Capital LLC grew its position in Take-Two Interactive Software by 55.3% during the 2nd quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock worth $35,000 after purchasing an additional 52 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $193.87 on Wednesday. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. 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 $35.90 billion, a price-to-earnings ratio of -8.66, a price-to-earnings-growth ratio of 10.34 and a beta of 0.92. The firm’s fifty day moving average price is $236.01 and its 200 day moving average price is $241.55.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TTWO shares. UBS Group upped their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. 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 restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. BMO Capital Markets lifted their price objective on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $283.94.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred 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 transaction, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.34% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

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.