Maxi Investments CY Ltd Raises Stake in Take-Two Interactive Software, Inc. $TTWO

Maxi Investments CY Ltd grew its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,127 shares of the company’s stock after purchasing an additional 4,950 shares during the quarter. Take-Two Interactive Software makes up about 0.4% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 23rd largest holding. Maxi Investments CY Ltd’s holdings in Take-Two Interactive Software were worth $5,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Militia Capital Partners LP lifted its stake in shares of Take-Two Interactive Software by 66.0% during the 3rd quarter. Militia Capital Partners LP now owns 2,515 shares of the company’s stock valued at $650,000 after buying an additional 1,000 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Take-Two Interactive Software by 35.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 14,700 shares of the company’s stock worth $3,798,000 after buying an additional 3,839 shares in the last quarter. Knollwood Investment Advisory LLC raised its holdings in Take-Two Interactive Software by 0.4% during the third quarter. Knollwood Investment Advisory LLC now owns 17,757 shares of the company’s stock valued at $4,588,000 after acquiring an additional 71 shares during the period. L2 Asset Management LLC bought a new stake in Take-Two Interactive Software during the third quarter valued at about $217,000. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Take-Two Interactive Software by 1.9% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 4,477 shares of the company’s stock valued at $1,157,000 after acquiring an additional 82 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of recent analyst reports. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. B. Riley Financial began coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target 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. Finally, Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.44.

Take-Two Interactive Software Trading Down 0.4%

Shares of TTWO stock opened at $207.69 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of -9.28, a price-to-earnings-growth ratio of 8.54 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 stock’s 50-day moving average price is $220.36 and its 200-day moving average price is $238.78.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This represents a 6.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $101,628.72. Following the transaction, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,880 shares of company stock worth $13,908,337 over the last three months. 1.34% of the stock is owned by company insiders.

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.