Maxi Investments CY Ltd Raises Stock Position in Take-Two Interactive Software, Inc. $TTWO

Maxi Investments CY Ltd lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,127 shares of the company’s stock after buying an additional 4,950 shares during the period. Take-Two Interactive Software comprises 0.4% of Maxi Investments CY Ltd’s holdings, making the stock its 23rd largest holding. Maxi Investments CY Ltd’s holdings in Take-Two Interactive Software were worth $5,458,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA increased its stake in Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 0.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Take-Two Interactive Software by 2.7% in the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after purchasing an additional 39 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Take-Two Interactive Software by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its holdings in shares of Take-Two Interactive Software by 28.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after purchasing an additional 46 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the sale, the director directly owned 21,525 shares in the company, valued at approximately $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,880 shares of company stock worth $13,908,337 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Wells Fargo & Company reduced their target price on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Trading Down 0.4%

Shares of NASDAQ TTWO opened at $207.69 on Tuesday. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $38.46 billion, a price-to-earnings ratio of -9.28, a PEG ratio of 8.54 and a beta of 0.94. The business’s 50 day moving average price is $220.36 and its 200-day moving average price is $238.78.

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.