Take-Two Interactive Software, Inc. (TTWO)’s President Karl Slatoff Sold 252197 shares of the Company; White Elm Capital Has Increased Its Alibaba Group Hldg LTD (BABA) Holding

April 5, 2018 - By John Hoffman

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Logo

White Elm Capital Llc increased Alibaba Group Hldg Ltd (BABA) stake by 157.14% reported in 2017Q4 SEC filing. White Elm Capital Llc acquired 48,400 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 3.18%. The White Elm Capital Llc holds 79,200 shares with $13.66M value, up from 30,800 last quarter. Alibaba Group Hldg Ltd now has $442.13 billion valuation. The stock decreased 1.49% or $2.6 during the last trading session, reaching $172.07. About 24.57M shares traded or 18.60% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 5, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for clients worldwide. The company has market cap of $11.09 billion. The firm offers its products under the Rockstar Games and 2K labels. It has a 59.48 P/E ratio. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.

Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on May, 22. They expect $0.47 EPS, down 27.69% or $0.18 from last year’s $0.65 per share. TTWO’s profit will be $53.73 million for 51.57 P/E if the $0.47 EPS becomes a reality. After $1.18 actual EPS reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts -60.17% negative EPS growth.

Among 20 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Take-Two Interactive Software has $150 highest and $29.50 lowest target. $109.14’s average target is 12.56% above currents $96.96 stock price. Take-Two Interactive Software had 76 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 4 by M Partners. BMO Capital Markets maintained it with “Buy” rating and $100.0 target in Friday, October 13 report. Buckingham Research maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) rating on Wednesday, November 8. Buckingham Research has “Buy” rating and $120 target. The rating was maintained by BMO Capital Markets on Monday, November 13 with “Outperform”. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Buy” rating given on Thursday, August 3 by Oppenheimer. Cowen & Co maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Wednesday, September 6 with “Buy” rating. As per Tuesday, August 11, the company rating was maintained by Piper Jaffray. The stock has “Buy” rating by Robert W. Baird on Thursday, February 8. Barclays Capital maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Wednesday, November 8 with “Overweight” rating. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Neutral” rating given on Thursday, February 4 by Wedbush.

As shown in the SEC, a report for the sale of 252,197 shares of Take Two Interactive Software Inc by Karl Slatoff was filled. Karl Slatoff now serves as a President of the company. The legal document was filled on 04/04/2018. The insider shares were sold at average $95.6 per each share, and had a market value of $24,117,201 US Dollars, making the sale an extremely significant one. Being a significant trade, it will most likely not go hidden. Karl Slatoff now holds 3.28% of the Company’s market cap with ownership of 3.75 million shares. 

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $46,271 activity. Another trade for 428 shares valued at $46,271 was sold by Sheresky Michael.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.09, from 1.18 in 2017Q3. It improved, as 45 investors sold Take-Two Interactive Software, Inc. shares while 123 reduced holdings. 93 funds opened positions while 120 raised stakes. 98.01 million shares or 2.20% less from 100.22 million shares in 2017Q3 were reported. State Street Corporation reported 0.03% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Fny Managed Accounts Limited Company accumulated 30 shares. Cibc Asset Management accumulated 0% or 7,219 shares. Prelude Mngmt Ltd Limited Liability Company holds 0.01% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 1,473 shares. Liberty Mutual Grp Asset Management Incorporated holds 27,043 shares or 0.09% of its portfolio. Cadence Llc accumulated 12,072 shares. Tower Research Capital Ltd Llc (Trc) owns 589 shares. 79,847 were reported by Amundi Pioneer Asset Mgmt. Acadian Asset Mngmt Ltd Com invested in 0.01% or 12,466 shares. Geode Cap Ltd Liability Corp holds 999,479 shares. State Of Wisconsin Board owns 0.04% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 130,961 shares. Bluemountain Capital Management Limited Liability Corp has invested 0.13% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Group One Trading Ltd Partnership has invested 0% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Alyeska Investment Group L P stated it has 795,788 shares. Raymond James Finance Services Advsr owns 7,373 shares.

The stock increased 1.15% or $1.1 during the last trading session, reaching $96.96. About 3.14 million shares traded or 7.38% up from the average. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 67.39% since April 5, 2017 and is uptrending. It has outperformed by 55.84% the S&P500.

White Elm Capital Llc decreased Athene Hldg Ltd stake by 233,800 shares to 190,427 valued at $9.85 million in 2017Q4. It also reduced Transdigm Group Inc (NYSE:TDG) stake by 22,600 shares and now owns 68,961 shares. Citigroup Inc (NYSE:C) was reduced too.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Institutional Positions Chart