Blue Grotto Capital LLC Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Blue Grotto Capital LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 112,900 shares of the company’s stock, valued at approximately $20,783,000. Take-Two Interactive Software accounts for 3.8% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Blue Grotto Capital LLC owned approximately 0.06% of Take-Two Interactive Software as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Take-Two Interactive Software during the third quarter valued at $27,000. Assetmark Inc. lifted its position in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc boosted its stake in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after acquiring an additional 87 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Take-Two Interactive Software in the third quarter worth about $31,000. Finally, Friedenthal Financial bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $50,000. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a research report on Friday, February 7th. StockNews.com downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, Citigroup lifted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $213.38.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $217.95 on Wednesday. The stock has a market cap of $38.47 billion, a P/E ratio of -10.22, a P/E/G ratio of 6.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s fifty day moving average is $201.44 and its 200 day moving average is $181.79. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $218.75.

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.