Geode Capital Management LLC Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Geode Capital Management LLC boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,011,190 shares of the company’s stock after purchasing an additional 134,767 shares during the period. Geode Capital Management LLC owned approximately 2.28% of Take-Two Interactive Software worth $614,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of TTWO. Cetera Advisors LLC increased its holdings in Take-Two Interactive Software by 68.3% in the 1st quarter. Cetera Advisors LLC now owns 2,210 shares of the company’s stock worth $328,000 after buying an additional 897 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Take-Two Interactive Software by 9.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,158 shares of the company’s stock valued at $491,000 after acquiring an additional 264 shares during the period. Swedbank AB increased its stake in Take-Two Interactive Software by 2.2% during the 2nd quarter. Swedbank AB now owns 100,849 shares of the company’s stock worth $15,681,000 after buying an additional 2,166 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth approximately $280,000. Finally, Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $189.64 on Friday. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The company’s fifty day moving average price is $172.42 and its two-hundred day moving average price is $160.28.

Analyst Ratings Changes

TTWO has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. The Goldman Sachs Group upped their price objective 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. JPMorgan Chase & Co. reduced their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Finally, Oppenheimer boosted their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.00.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

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.