Concentric Capital Strategies LP Takes $5.23 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Concentric Capital Strategies LP purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,999 shares of the company’s stock, valued at approximately $5,226,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Benjamin Edwards Inc. bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $284,000. Paloma Partners Management Co bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $20,290,000. Erste Asset Management GmbH purchased a new stake in Take-Two Interactive Software during the third quarter valued at about $4,777,000. Circle Wealth Management LLC increased its stake in shares of Take-Two Interactive Software by 109.6% in the third quarter. Circle Wealth Management LLC now owns 9,061 shares of the company’s stock worth $1,393,000 after purchasing an additional 4,739 shares in the last quarter. Finally, Infusive Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software in the third quarter valued at approximately $1,731,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Trading Up 1.5 %

NASDAQ TTWO opened at $188.38 on Monday. The stock has a 50-day moving average of $165.66 and a 200-day moving average of $157.93. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $190.43. The firm has a market cap of $33.09 billion, a PE ratio of -8.90, a price-to-earnings-growth ratio of 5.68 and a beta of 0.85.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TTWO shares. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. UBS Group raised their price objective on shares of 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. TD Cowen upped their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer boosted their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.75.

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.