Empirical Capital Management LLC Buys 5,000 Shares of Take-Two Interactive Software, Inc. $TTWO

Empirical Capital Management LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,500 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Take-Two Interactive Software comprises about 12.7% of Empirical Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Empirical Capital Management LLC’s holdings in Take-Two Interactive Software were worth $19,330,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TTWO. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $28,000. Rachor Investment Advisory Services LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $34,000. True Wealth Design LLC grew its holdings in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after buying an additional 68 shares during the last quarter. AlphaQuest LLC acquired a new stake in Take-Two Interactive Software during the 3rd quarter valued at $41,000. Finally, Morse Asset Management Inc boosted its holdings in shares of Take-Two Interactive Software by 117.3% during the fourth quarter. Morse Asset Management Inc now owns 163 shares of the company’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.3%

Shares of TTWO opened at $217.87 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $40.45 billion, a P/E ratio of -134.49, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The stock’s fifty day simple moving average is $212.97 and its 200 day simple moving average is $224.91. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79.

Insider Transactions at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total value of $85,763.58. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $415,320. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,390 shares of the stock in a transaction 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 transaction, the director directly owned 21,525 shares in the company, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 133,026 shares of company stock valued at $29,057,428. Corporate insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.53.

Take-Two Interactive Software 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.