Fred Alger Management LLC Reduces Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Fred Alger Management LLC reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,477 shares of the company’s stock after selling 17,415 shares during the quarter. Fred Alger Management LLC’s holdings in Take-Two Interactive Software were worth $12,421,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Circle Wealth Management LLC grew its holdings in Take-Two Interactive Software by 10.3% in the fourth quarter. Circle Wealth Management LLC now owns 9,995 shares of the company’s stock valued at $1,840,000 after purchasing an additional 934 shares during the period. Deutsche Bank AG increased its holdings in shares of Take-Two Interactive Software by 16.9% in the 4th quarter. Deutsche Bank AG now owns 1,008,047 shares of the company’s stock worth $185,561,000 after acquiring an additional 145,408 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Take-Two Interactive Software by 19,364.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 93,039 shares of the company’s stock valued at $17,127,000 after purchasing an additional 92,561 shares in the last quarter. Dean Capital Management lifted its holdings in shares of Take-Two Interactive Software by 1.7% in the fourth quarter. Dean Capital Management now owns 9,059 shares of the company’s stock valued at $1,668,000 after buying an additional 153 shares during the period. Finally, Dunhill Financial LLC increased its holdings in shares of Take-Two Interactive Software by 97.7% in the fourth quarter. Dunhill Financial LLC now owns 1,894 shares of the company’s stock valued at $349,000 after buying an additional 936 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TTWO shares. StockNews.com downgraded Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday. Ascendiant Capital Markets raised their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a report on Monday, March 3rd. UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price target for the company from $175.00 to $230.00 in a research note on Monday, January 27th. Finally, DA Davidson started coverage on shares of Take-Two Interactive Software in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.67.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $225.56 on Friday. The company has a market cap of $39.81 billion, a PE ratio of -10.57, a P/E/G ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $238.00. The company’s fifty day simple moving average is $212.38 and its 200-day simple moving average is $195.60.

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.