AM Squared Ltd Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

AM Squared Ltd bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 300 shares of the company’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after buying an additional 156,563 shares in the last quarter. Capital World Investors lifted its position in Take-Two Interactive Software by 2.1% in the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after purchasing an additional 151,135 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Take-Two Interactive Software by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock valued at $737,684,000 after purchasing an additional 192,774 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares during the last quarter. Finally, Boston Partners lifted its position in Take-Two Interactive Software by 1.8% in the first quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after purchasing an additional 48,909 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTWO has been the subject of several recent research reports. UBS Group boosted their price objective on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. TD Cowen boosted their price objective on Take-Two Interactive Software from $173.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.70.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $177.62 on Friday. The stock has a market cap of $31.20 billion, a price-to-earnings ratio of -8.39, a PEG ratio of 5.35 and a beta of 0.85. The business’s fifty day moving average is $158.99 and its 200 day moving average is $155.07. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $182.62. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Take-Two Interactive Software Company 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.