Allstate Corp Invests $972,000 in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Allstate Corp bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,282 shares of the company’s stock, valued at approximately $972,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Davis R M Inc. increased its position in shares of Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock valued at $42,233,000 after purchasing an additional 10,701 shares during the period. Fiduciary Alliance LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at $734,000. Paloma Partners Management Co acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at $20,290,000. Legacy Trust lifted its holdings in shares of Take-Two Interactive Software by 8.9% during the 4th quarter. Legacy Trust now owns 25,772 shares of the company’s stock worth $4,744,000 after acquiring an additional 2,115 shares during the period. Finally, Summit Place Financial Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $748,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $207.25 on Tuesday. The firm has a market cap of $36.58 billion, a price-to-earnings ratio of -9.72, a PEG ratio of 6.83 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $220.93. 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 stock has a 50-day moving average price of $203.65 and a 200 day moving average price of $183.42.

Analyst Ratings Changes

Several research analysts recently issued reports on TTWO shares. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $175.00 to $230.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Citigroup upped their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Ascendiant Capital Markets lifted 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. Finally, DA Davidson initiated 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $213.38.

Take-Two Interactive Software 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.