Barometer Capital Management Inc. Acquires 4,523 Shares of Take-Two Interactive Software, Inc. $TTWO

Barometer Capital Management Inc. raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 55.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,623 shares of the company’s stock after buying an additional 4,523 shares during the period. Barometer Capital Management Inc.’s holdings in Take-Two Interactive Software were worth $3,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software during the first quarter valued at about $425,000. Empowered Funds LLC increased its position in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares during the period. Savant Capital LLC lifted its position in shares of Take-Two Interactive Software by 64.0% during the 2nd quarter. Savant Capital LLC now owns 2,272 shares of the company’s stock valued at $552,000 after buying an additional 887 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Take-Two Interactive Software by 3.9% during the 2nd quarter. Wedbush Securities Inc. now owns 2,069 shares of the company’s stock valued at $502,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total transaction of $82,600.00. Following the completion of the transaction, the director owned 2,286 shares of the company’s stock, valued at $457,200. This represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the transaction, the director owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. The trade was a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 64,880 shares of company stock worth $13,908,337 in the last 90 days. 1.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. 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. Wells Fargo & Company lowered their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Arete Research upgraded 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 report on Monday, December 1st. B. Riley Financial began coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective for the company. Finally, UBS Group raised their price objective 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. 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’s stock. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Trading Up 1.0%

Shares of TTWO opened at $211.09 on Thursday. The firm has a market cap of $39.09 billion, a P/E ratio of -9.43, a price-to-earnings-growth ratio of 8.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79. The company has a 50 day simple moving average of $223.15 and a two-hundred day simple moving average of $239.24.

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.