Is Take-Two Interactive Software, Inc. (NASDAQ:TTWO) a good investment?
In today’s marketplace, there are many methods investors can use to analyze their holdings. A couple of the most useful are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top fund managers can outclass the broader indices by a healthy amount (see just how much).
Just as key, positive insider trading activity is a second way to look at the world of equities. Obviously, there are lots of motivations for an upper level exec to get rid of shares of his or her company, but just one, very clear reason why they would buy. Plenty of empirical studies have demonstrated the impressive potential of this method if piggybackers know where to look (learn more here).
Furthermore, let’s discuss the latest info surrounding Take-Two Interactive Software, Inc. (NASDAQ:TTWO).
Hedge fund activity in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)
Heading into Q3, a total of 30 of the hedge funds we track were bullish in this stock, a change of 15% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were increasing their stakes meaningfully.
According to our 13F database, Carl Icahn’s Icahn Capital LP had the largest position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO), worth close to $180 million, comprising 0.8% of its total 13F portfolio. The second largest stake is held by Larry Robbins of Glenview Capital, with a $90.9 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Remaining hedge funds that are bullish include Michael Lowenstein’s Kensico Capital, Ken Griffin’s Citadel Investment Group and Phill Gross and Robert Atchinson’s Adage Capital Management.
Consequently, particular hedge funds were breaking ground themselves. Icahn Capital LP, managed by Carl Icahn, established the most outsized position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Icahn Capital LP had 180 million invested in the company at the end of the quarter. Larry Robbins’s Glenview Capital also initiated a $90.9 million position during the quarter. The following funds were also among the new TTWO investors: Michael Lowenstein’s Kensico Capital, Ken Griffin’s Citadel Investment Group, and Howard Marks’s Oaktree Capital Management.
How have insiders been trading Take-Two Interactive Software, Inc. (NASDAQ:TTWO)?
Legal insider trading, particularly when it’s bullish, is most useful when the company in focus has seen transactions within the past half-year. Over the latest six-month time frame, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Using the results demonstrated by our analyses, regular investors should always pay attention to hedge fund and insider trading activity, and Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is an important part of this process.
