NEOS Investment Management LLC Acquires 29,156 Shares of Take-Two Interactive Software, Inc. $TTWO

NEOS Investment Management LLC raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 73.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 68,891 shares of the company’s stock after buying an additional 29,156 shares during the period. NEOS Investment Management LLC’s holdings in Take-Two Interactive Software were worth $17,799,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. denkapparat Operations GmbH acquired a new position in Take-Two Interactive Software in the third quarter valued at about $379,000. M&G PLC acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $12,465,000. Zions Bancorporation National Association UT lifted its position in shares of Take-Two Interactive Software by 81.5% during the 3rd quarter. Zions Bancorporation National Association UT now owns 334 shares of the company’s stock valued at $86,000 after acquiring an additional 150 shares during the period. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares in the last quarter. Finally, MRA Advisory Group increased its holdings in shares of Take-Two Interactive Software by 97.7% during the third quarter. MRA Advisory Group now owns 2,586 shares of the company’s stock worth $668,000 after buying an additional 1,278 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred 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 transaction, the director owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTWO. UBS Group increased their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. B. Riley Financial assumed coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price for the company. Morgan Stanley lifted their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wells Fargo & Company increased their price objective on Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $283.94.

Take-Two Interactive Software Trading Up 0.1%

Shares of NASDAQ TTWO opened at $193.87 on Wednesday. The company has a market cap of $35.90 billion, a PE ratio of -8.66, a P/E/G ratio of 10.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79. The firm’s 50 day moving average price is $236.01 and its 200-day moving average price is $241.55.

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.