Paloma Partners Management Co Makes New $20.29 Million Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Paloma Partners Management Co acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 132,000 shares of the company’s stock, valued at approximately $20,290,000. Take-Two Interactive Software accounts for 0.6% of Paloma Partners Management Co’s investment portfolio, making the stock its 23rd biggest holding. Paloma Partners Management Co owned about 0.08% of Take-Two Interactive Software at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTWO. Cetera Investment Advisers boosted its position in shares of Take-Two Interactive Software by 488.7% in the first quarter. Cetera Investment Advisers now owns 13,281 shares of the company’s stock valued at $1,972,000 after acquiring an additional 11,025 shares during the period. Cetera Advisors LLC boosted its position in shares of Take-Two Interactive Software by 68.3% in the first quarter. Cetera Advisors LLC now owns 2,210 shares of the company’s stock valued at $328,000 after acquiring an additional 897 shares during the period. GAMMA Investing LLC boosted its position in shares of Take-Two Interactive Software by 89.8% in the second quarter. GAMMA Investing LLC now owns 1,617 shares of the company’s stock valued at $251,000 after acquiring an additional 765 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Take-Two Interactive Software by 15.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock valued at $107,000 after acquiring an additional 91 shares during the period. Finally, Mather Group LLC. boosted its position in shares of Take-Two Interactive Software by 14.1% in the second quarter. Mather Group LLC. now owns 1,229 shares of the company’s stock valued at $182,000 after acquiring an additional 152 shares during the period. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TTWO shares. Oppenheimer boosted their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, November 7th. Finally, HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.75.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $188.38 on Monday. The stock has a market cap of $33.09 billion, a P/E ratio of -8.90, a price-to-earnings-growth ratio of 5.68 and a beta of 0.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average is $165.66 and its 200-day moving average is $157.93. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $190.43.

Insider Transactions at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents 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 hyperlink. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Profile

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.