Allstate Corp Takes Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Allstate Corp purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,282 shares of the company's stock, valued at approximately $972,000.

A number of other hedge funds have also bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at $27,000. Assetmark Inc. increased its stake in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after purchasing an additional 87 shares during the period. Friedenthal Financial purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $50,000. Finally, First Horizon Advisors Inc. grew its holdings in Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after purchasing an additional 54 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Monday, February 10th. UBS Group upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and raised their price objective for the company from $175.00 to $230.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group upped 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. Finally, Moffett Nathanson increased their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average target price of $213.38.

Take-Two Interactive Software Trading Down 6.9 %

Shares of TTWO stock traded down $14.35 during mid-day trading on Friday, reaching $194.58. The stock had a trading volume of 3,683,743 shares, compared to its average volume of 1,614,838. The firm has a market capitalization of $34.34 billion, a PE ratio of -9.12, a price-to-earnings-growth ratio of 6.83 and a beta of 0.82. The stock's 50-day moving average price is $205.30 and its two-hundred day moving average price is $184.70. 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 $220.93.

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.