Highland Capital Management LLC Raises Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Highland Capital Management LLC increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,181 shares of the company’s stock after buying an additional 1,085 shares during the quarter. Highland Capital Management LLC’s holdings in Take-Two Interactive Software were worth $7,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTWO. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $350,811,000. Ninety One UK Ltd grew its holdings in shares of Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after buying an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Take-Two Interactive Software by 2,224.9% during the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after buying an additional 1,034,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after buying an additional 521,456 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in Take-Two Interactive Software by 269.8% in the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after purchasing an additional 361,273 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTWO shares. Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday. Benchmark raised their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group raised their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley raised their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Bank of America restated a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.29.

Take-Two Interactive Software Trading Up 0.4 %

Shares of Take-Two Interactive Software stock traded up $0.69 during trading on Friday, hitting $159.39. 1,076,416 shares of the company were exchanged, compared to its average volume of 1,851,311. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59. The firm has a 50 day moving average price of $151.27 and a 200 day moving average price of $150.74.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.