Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Deepwater Asset Management LLC

Deepwater Asset Management LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 446.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,626 shares of the company’s stock after buying an additional 16,032 shares during the quarter. Take-Two Interactive Software comprises about 1.5% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 25th biggest position. Deepwater Asset Management LLC’s holdings in Take-Two Interactive Software were worth $5,025,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $25,000. 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 shares of Take-Two Interactive Software during the fourth quarter worth $34,000. True Wealth Design LLC boosted its holdings in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth $41,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $214.39 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $39.81 billion, a P/E ratio of -132.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98. The stock’s fifty day simple moving average is $215.54 and its 200 day simple moving average is $224.20. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79.

Insiders Place Their Bets

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, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 550,597 shares of company stock worth $124,180,972. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of several analyst reports. 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. Piper Sandler initiated coverage on Take-Two Interactive Software in a report on Tuesday, June 2nd. They set an “overweight” rating and a $280.00 price objective on the stock. 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. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $287.06.

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.