Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,517 shares of the company’s stock after selling 6,705 shares during the period. Intech Investment Management LLC’s holdings in Take-Two Interactive Software were worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ninety One UK Ltd increased its holdings in shares of Take-Two Interactive Software by 473.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after purchasing an additional 1,047,979 shares during the period. Point72 Asset Management L.P. grew its position in Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares during the period. 1832 Asset Management L.P. lifted its position in Take-Two Interactive Software by 49.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company’s stock worth $251,797,000 after buying an additional 538,906 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Take-Two Interactive Software by 1,780.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after buying an additional 436,150 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTWO has been the topic of a number of research reports. Benchmark upped their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley upped their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Bank of America reiterated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Oppenheimer increased their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $191.75.

Take-Two Interactive Software Price Performance

TTWO opened at $188.15 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $188.45. The business has a 50 day moving average of $162.18 and a 200-day moving average of $156.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.45% 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. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.