Barometer Capital Management Inc. Acquires New Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Barometer Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 8,030 shares of the company’s stock, valued at approximately $1,292,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Take-Two Interactive Software by 1.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock valued at $907,000 after purchasing an additional 68 shares in the last quarter. Tectonic Advisors LLC raised its position in Take-Two Interactive Software by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after acquiring an additional 69 shares in the last quarter. Drive Wealth Management LLC raised its position in Take-Two Interactive Software by 4.5% in the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after acquiring an additional 69 shares in the last quarter. Belpointe Asset Management LLC raised its position in Take-Two Interactive Software by 3.7% in the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock worth $279,000 after acquiring an additional 70 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in Take-Two Interactive Software by 14.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after acquiring an additional 70 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded down $2.09 on Tuesday, reaching $158.45. 1,361,176 shares of the stock traded hands, compared to its average volume of 1,686,363. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of -7.21, a P/E/G ratio of 7.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The stock’s 50-day moving average price is $150.23 and its 200-day moving average price is $154.10.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTWO has been the topic of several research reports. Roth Mkm dropped their price target on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. HSBC cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price target on the stock. in a research note on Friday, May 17th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.09.

Read Our Latest Report on TTWO

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the sale, the director now directly owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jon J. Moses sold 2,500 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the sale, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. Insiders have sold 93,569 shares of company stock worth $13,909,565 over the last three months. Company insiders own 1.37% of the company’s stock.

About Take-Two Interactive Software

(Free Report)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.

See Also

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

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