Brevan Howard Capital Management LP Acquires 6,841 Shares of Take-Two Interactive Software, Inc. $TTWO

Brevan Howard Capital Management LP boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 111.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,959 shares of the company’s stock after acquiring an additional 6,841 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Take-Two Interactive Software were worth $3,348,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Take-Two Interactive Software during the first quarter worth about $425,000. Empowered Funds LLC grew its stake in shares of 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 purchasing an additional 388 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Take-Two Interactive Software by 10.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 26,390 shares of the company’s stock worth $6,409,000 after buying an additional 2,561 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Take-Two Interactive Software by 10.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,552 shares of the company’s stock worth $10,091,000 after buying an additional 4,015 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 413 shares of the company’s 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 transaction, the director owned 2,286 shares in the company, valued at $457,200. This represents a 15.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction dated 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 owned 65,626 shares in the company, valued at approximately $12,779,350.98. This trade represents a 0.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TTWO shares. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research note on Monday, December 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. UBS Group boosted 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 note on Wednesday, January 28th. Wells Fargo & Company lowered 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 report on Wednesday, March 4th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Trading Down 0.4%

TTWO stock opened at $207.69 on Tuesday. The business has a fifty day moving average price of $220.36 and a 200 day moving average price of $238.78. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of -9.28, a P/E/G ratio of 8.54 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.

About Take-Two Interactive Software

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.