Lee Danner & Bass Inc. Buys New Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Lee Danner & Bass Inc. purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 330 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealthfront Advisers LLC raised its holdings in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after buying an additional 880,816 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Take-Two Interactive Software by 10.9% in the third 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 buying an additional 417,325 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after buying an additional 134,767 shares during the last quarter. Finally, Ninety One UK Ltd raised its holdings in shares of Take-Two Interactive Software by 1.4% in the fourth quarter. Ninety One UK Ltd now owns 1,522,111 shares of the company’s stock worth $280,190,000 after buying an additional 21,470 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 1.8 %

Shares of NASDAQ TTWO opened at $213.47 on Friday. The company’s 50-day simple moving average is $199.99 and its 200-day simple moving average is $180.80. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $218.75. The firm has a market cap of $37.68 billion, a price-to-earnings ratio of -10.01, a price-to-earnings-growth ratio of 6.83 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup increased their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Benchmark reiterated a “buy” rating and issued a $225.00 price objective (up previously from $210.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.38.

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.