First Horizon Advisors Inc. Boosts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

First Horizon Advisors Inc. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277 shares of the company’s stock after purchasing an additional 54 shares during the quarter. First Horizon Advisors Inc.’s holdings in Take-Two Interactive Software were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. State Street Corp raised its position in Take-Two Interactive Software by 8.8% in 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 during the period. Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 worth $651,817,000 after purchasing an additional 417,325 shares during the period. Geode Capital Management LLC increased its position in shares of Take-Two Interactive Software by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after acquiring an additional 134,767 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $20,290,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now directly owns 149,379 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $208.21 on Friday. The company has a market cap of $36.75 billion, a price-to-earnings ratio of -9.76, a price-to-earnings-growth ratio of 6.83 and a beta of 0.89. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $218.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $192.66 and a two-hundred day moving average of $174.82.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTWO. Citigroup raised 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. Wedbush reaffirmed an “outperform” rating and set a $215.00 target price on shares of Take-Two Interactive Software in a research report on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Morgan Stanley raised their target price on shares of 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. Finally, Stifel Nicolaus raised their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.55.

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.