Brevan Howard Capital Management LP Buys 6,841 Shares of Take-Two Interactive Software, Inc. $TTWO

Brevan Howard Capital Management LP lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 111.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,959 shares of the company’s stock after purchasing an additional 6,841 shares during the period. Brevan Howard Capital Management LP’s holdings in Take-Two Interactive Software were worth $3,348,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Take-Two Interactive Software in the 2nd quarter valued at $731,047,000. Vanguard Group Inc. increased its stake in shares of Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after buying an additional 932,659 shares during the period. Invesco Ltd. raised its position in shares of Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after acquiring an additional 515,484 shares during the last quarter. Amundi raised its position in shares of Take-Two Interactive Software by 46.4% during the third quarter. Amundi now owns 1,333,469 shares of the company’s stock worth $342,675,000 after acquiring an additional 422,510 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock valued at $371,558,000 after acquiring an additional 410,097 shares during the period. Institutional investors own 95.46% of the company’s stock.

Insider Activity

In other news, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director directly owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total transaction of $362,726.76. Following the completion of the sale, the insider owned 125,001 shares in the company, valued at $26,702,713.62. This represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 64,880 shares of company stock valued at $13,908,337. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 0.4%

Shares of Take-Two Interactive Software stock opened at $207.69 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $188.56 and a 12 month high of $264.79. The business has a fifty day simple moving average of $220.36 and a 200 day simple moving average of $238.78. The stock has a market cap of $38.46 billion, a PE ratio of -9.28, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTWO. Morgan Stanley raised their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. B. Riley Financial began coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price on the stock. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Finally, Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target for the company in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $284.44.

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.