Parallel Advisors LLC Trims Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Parallel Advisors LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.5% during the fourth quarter, Holdings Channel reports. The firm owned 23,963 shares of the company’s stock after selling 4,729 shares during the quarter. Parallel Advisors LLC’s holdings in Take-Two Interactive Software were worth $4,411,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its position in Take-Two Interactive Software by 3.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,493 shares of the company’s stock valued at $2,668,000 after purchasing an additional 442 shares during the period. LBP AM SA purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter worth about $2,127,000. Commonwealth Equity Services LLC grew its position in shares of Take-Two Interactive Software by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,612 shares of the company’s stock worth $1,401,000 after buying an additional 253 shares during the period. Erste Asset Management GmbH grew its position in shares of Take-Two Interactive Software by 25.3% in the 4th quarter. Erste Asset Management GmbH now owns 39,110 shares of the company’s stock worth $7,291,000 after buying an additional 7,900 shares during the period. Finally, Tredje AP fonden grew its position in shares of Take-Two Interactive Software by 346.7% in the 4th quarter. Tredje AP fonden now owns 118,235 shares of the company’s stock worth $21,765,000 after buying an additional 91,765 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TTWO shares. Roth Mkm upped their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group upped their target price on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer upped their price target on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. StockNews.com cut shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, Moffett Nathanson upped their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.38.

Take-Two Interactive Software Trading Up 0.9 %

Take-Two Interactive Software stock opened at $206.50 on Tuesday. The stock has a market cap of $36.45 billion, a P/E ratio of -9.68, a PEG ratio of 6.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $218.75. The firm’s 50 day moving average price is $197.82 and its 200-day moving average price is $179.56.

Take-Two Interactive Software Company 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.