Landscape Capital Management L.L.C. Increases Position in Take-Two Interactive Software, Inc. $TTWO

Landscape Capital Management L.L.C. increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 739.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,246 shares of the company’s stock after purchasing an additional 14,311 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Take-Two Interactive Software were worth $4,197,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at approximately $425,000. Empowered Funds LLC grew its stake in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after acquiring an additional 388 shares during the period. Geneos Wealth Management Inc. grew its stake in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares during the period. Savant Capital LLC increased its holdings in Take-Two Interactive Software by 64.0% in the 2nd quarter. Savant Capital LLC now owns 2,272 shares of the company’s stock worth $552,000 after acquiring an additional 887 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Take-Two Interactive Software during the second quarter worth $8,590,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

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

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $0.72 during midday trading on Friday, hitting $209.92. The company’s stock had a trading volume of 374,483 shares, compared to its average volume of 2,313,387. The company has a market cap of $38.87 billion, a P/E ratio of -9.36, a price-to-earnings-growth ratio of 8.65 and a beta of 0.94. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. The business’s 50 day simple moving average is $222.21 and its 200 day simple moving average is $239.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTWO. UBS Group lifted their target price on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective on the stock in a report on Tuesday, February 10th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.