5 Best Up and Coming Stocks to Invest In

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

Number of Hedge Fund Holders: 41  

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stock has returned 8% to investors over the past year. It is ranked third on our list of 10 best up and coming stocks to invest in. The company markets interactive entertainment solutions. It is based in New York. On July 1, the firm announced that it had purchased Dynamixyz, a facial animation services firm focusing on video. The financial terms of the deal were not disclosed. The new would work with the publishing and studio labels of Take-Two. 

On June 24, investment advisory MoffettNathanson initiated coverage of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stock with a Buy rating and a price target of $214, underlining that the firm had the best IP collection of franchises in the country. 

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Take-Two Interactive Software, Inc. (NASDAQ: TTWO) with 755,464 shares worth more than $133 million. 

In its Q1 2020 investor letter, Sextant Mutual Funds, an asset management firm, highlighted a few stocks and Take-Two Interactive Software, Inc. (NASDAQ: TTWO) was one of them. Here is what the fund said:

“We mentioned the Xbox, but gamers also need games. We invested in Take-Two last year on the thesis that gaming demonstrates attractive long-term growth opportunities and online distribution would reduce costs and improve margins. With a ready-made excuse to spend eight hours in front of a screen in the basement, such online game delivery must have helped Take-Two.”