Top Investors’ Stock Portfolio: 5 Mid-Cap Stocks To Buy

In this article, we discuss 5 best mid-cap stocks to buy according to top investors. If you want to see more stocks in this selection, check out Top Investors’ Stock Portfolio: 10 Mid-Cap Stocks To Buy. 

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

Number of Hedge Fund Holders: 53

Market Capitalization as of February 24: $18.436 billion

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is a New York-based company that develops, publishes, and markets interactive entertainment solutions for customers worldwide. It is one of the best mid-cap stocks to invest in. 

On February 8, Gerrick Johnson, an analyst at BMO Capital, increased the firm’s price target for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) from $120 to $130 while maintaining an Outperform rating on the shares. According to the analyst’s research note to investors, Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s Q3 results were not as bad as anticipated, despite the management reducing guidance due to cautious purchasing behavior affecting new game releases and recurrent spending in existing titles. The company is still benefiting from the positive trends in the video game industry, such as the shift towards digital distribution that allows for higher margins and additional sales through multiplayer online services, the analyst told investors.

According to Insider Monkey’s Q4 data, 53 hedge funds were long Take-Two Interactive Software, Inc. (NASDAQ:TTWO), compared to 63 funds in the prior quarter. Steve Cohen’s Point72 Asset Management is the largest stakeholder of the company, with 2.85 million shares worth $297 million.

Diamond Hill All Cap Select Strategy made the following comment about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in its Q4 2022 investor letter:

“Video game developer Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has faced weakness in the mobile gaming market, in addition to game-launching delays. The company reported underwhelming quarterly results in Q4 and lowered its full-year guidance. After reexamining our long-term thesis, we decided to exit our position in favor of more attractive opportunities.”