Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Tobam

Tobam cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 88.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,577 shares of the company’s stock after selling 12,236 shares during the quarter. Tobam’s holdings in Take-Two Interactive Software were worth $290,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp increased its position in Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after acquiring an additional 648,982 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Take-Two Interactive Software by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after acquiring an additional 417,325 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after acquiring an additional 134,767 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in Take-Two Interactive Software by 1.4% during the 4th quarter. Ninety One UK Ltd now owns 1,522,111 shares of the company’s stock worth $280,190,000 after purchasing an additional 21,470 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Up 14.0 %

Shares of NASDAQ:TTWO opened at $208.77 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $212.88. The firm has a 50-day simple moving average of $185.94 and a 200 day simple moving average of $168.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

Several research firms have commented on TTWO. Raymond James reissued an “outperform” rating and issued a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday. TD Cowen upped their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Citigroup boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $215.00 price target on shares of Take-Two Interactive Software in a research note on Friday. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.47.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the business’s 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 completion of the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.