Concentric Capital Strategies LP Invests $5.23 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Concentric Capital Strategies LP bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,999 shares of the company’s stock, valued at approximately $5,226,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ninety One UK Ltd increased its stake in shares of Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after acquiring an additional 1,047,979 shares during the period. Point72 Asset Management L.P. boosted its stake in Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after purchasing an additional 804,793 shares during the period. Ameriprise Financial Inc. raised its position in Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after buying an additional 648,982 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in shares of Take-Two Interactive Software by 49.9% during the second quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company’s stock worth $251,797,000 after acquiring an additional 538,906 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TTWO shares. UBS Group increased their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. The Goldman Sachs Group raised their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. TD Cowen upped their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price for the company. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $191.75.

Take-Two Interactive Software Trading Up 1.5 %

TTWO opened at $188.38 on Monday. The company has a fifty day moving average price of $165.66 and a two-hundred day moving average price of $157.93. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $190.43. The company has a market cap of $33.09 billion, a P/E ratio of -8.90, a price-to-earnings-growth ratio of 5.68 and a beta of 0.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.