Belpointe Asset Management LLC Acquires New Holdings in Take-Two Interactive Software Inc (TTWO)

Belpointe Asset Management LLC acquired a new stake in shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,921 shares of the company’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTWO. Dupont Capital Management Corp purchased a new stake in Take-Two Interactive Software during the third quarter valued at about $102,000. Invictus RG lifted its holdings in Take-Two Interactive Software by 1,188.8% during the third quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after purchasing an additional 951 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the second quarter valued at about $134,000. Pittenger & Anderson Inc. lifted its holdings in Take-Two Interactive Software by 124.1% during the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock valued at $166,000 after purchasing an additional 900 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Take-Two Interactive Software by 233.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock valued at $173,000 after purchasing an additional 1,186 shares during the last quarter. 91.26% of the stock is currently owned by institutional investors and hedge funds.

In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the transaction, the chief financial officer now directly owns 351,019 shares in the company, valued at $40,556,735.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 5,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $118.50, for a total transaction of $651,750.00. Following the transaction, the director now owns 4,777 shares in the company, valued at $566,074.50. The disclosure for this sale can be found here. Insiders have sold 66,504 shares of company stock worth $7,729,606 over the last quarter. Company insiders own 1.55% of the company’s stock.

Shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) opened at $107.74 on Thursday. Take-Two Interactive Software Inc has a one year low of $48.58 and a one year high of $120.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. The firm has a market cap of $12,343.97, a P/E ratio of 42.28, a P/E/G ratio of 3.14 and a beta of 0.81.

TTWO has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. MKM Partners increased their price target on shares of Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, October 30th. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Barclays initiated coverage on shares of Take-Two Interactive Software in a report on Wednesday, October 4th. They issued an “overweight” rating and a $115.00 price target on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Take-Two Interactive Software in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.90.

TRADEMARK VIOLATION NOTICE: “Belpointe Asset Management LLC Acquires New Holdings in Take-Two Interactive Software Inc (TTWO)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/12/14/belpointe-asset-management-llc-acquires-new-holdings-in-take-two-interactive-software-inc-ttwo.html.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software Inc (NASDAQ:TTWO).

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply