Lecap Asset Management Ltd. Makes New $742,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Lecap Asset Management Ltd. acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, HoldingsChannel reports. The fund acquired 4,774 shares of the company’s stock, valued at approximately $742,000.

A number of other hedge funds have also recently added to or reduced their stakes in TTWO. Fifth Third Wealth Advisors LLC raised its position in shares of Take-Two Interactive Software by 43.7% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 4,794 shares of the company’s stock valued at $745,000 after acquiring an additional 1,457 shares during the period. Fifth Third Bancorp raised its holdings in Take-Two Interactive Software by 2.9% during the 2nd quarter. Fifth Third Bancorp now owns 19,225 shares of the company’s stock worth $2,989,000 after buying an additional 535 shares during the period. Ninety One SA PTY Ltd raised its holdings in Take-Two Interactive Software by 2,431.3% during the 2nd quarter. Ninety One SA PTY Ltd now owns 36,628 shares of the company’s stock worth $5,724,000 after buying an additional 35,181 shares during the period. Ninety One UK Ltd raised its holdings in Take-Two Interactive Software by 473.2% during the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after buying an additional 1,047,979 shares during the period. Finally, Parsons Capital Management Inc. RI raised its holdings in Take-Two Interactive Software by 6.5% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 3,280 shares of the company’s stock worth $510,000 after buying an additional 200 shares during the period. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded up $1.48 during midday trading on Thursday, reaching $161.55. 250,410 shares of the stock were exchanged, compared to its average volume of 1,670,033. The company has a market cap of $28.32 billion, a P/E ratio of -7.28, a PEG ratio of 4.34 and a beta of 0.84. The stock’s 50 day simple moving average is $151.23 and its 200 day simple moving average is $150.77. Take-Two Interactive Software, Inc. has a twelve month low of $130.34 and a twelve month high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TTWO. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday. Roth Mkm lowered their price objective on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Jefferies Financial Group raised their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.29.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.

Take-Two Interactive Software Company Profile

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.