Delta Global Management LP Increases Stock Position in Take-Two Interactive Software, Inc. $TTWO

Delta Global Management LP boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 618.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,459 shares of the company’s stock after acquiring an additional 8,142 shares during the quarter. Delta Global Management LP’s holdings in Take-Two Interactive Software were worth $1,868,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $735,389,000. AQR Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after buying an additional 505,000 shares during the last quarter. Finally, Amundi boosted its position in shares of Take-Two Interactive Software by 35.4% during the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock valued at $462,352,000 after buying an additional 472,383 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

TTWO stock opened at $231.65 on Monday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The business’s 50-day moving average is $233.61 and its two-hundred day moving average is $221.74. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $43.01 billion, a price-to-earnings ratio of -142.99, a P/E/G ratio of 4.44 and a beta of 0.96.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 40,358 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the sale, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the transaction, the insider owned 113,988 shares in the company, valued at $26,217,240. This trade represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTWO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Finally, BTIG Research restated a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.44.

Take-Two Interactive Software Company 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.