Cartenna Capital LP Cuts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cartenna Capital LP trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 75.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 319,777 shares of the company's stock after selling 980,223 shares during the quarter. Take-Two Interactive Software comprises approximately 2.8% of Cartenna Capital LP's portfolio, making the stock its 10th biggest position. Cartenna Capital LP owned about 0.18% of Take-Two Interactive Software worth $58,865,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in shares of Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after acquiring an additional 54 shares during the period. Fifth Third Bancorp grew its stake in shares of Take-Two Interactive Software by 0.3% during the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock valued at $3,157,000 after purchasing an additional 57 shares during the period. Principal Securities Inc. increased its position in shares of Take-Two Interactive Software by 6.0% during the 4th quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock valued at $189,000 after purchasing an additional 58 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Take-Two Interactive Software by 2.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company's stock worth $563,000 after purchasing an additional 61 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Take-Two Interactive Software by 2.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,946 shares of the company's stock worth $542,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Oppenheimer upped their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, January 21st. UBS Group upgraded Take-Two Interactive Software from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $175.00 to $230.00 in a research note on Monday, January 27th. The Goldman Sachs Group lifted their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Moffett Nathanson upped their price target 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. Finally, DA Davidson started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.86.

Take-Two Interactive Software Trading Up 1.2 %

NASDAQ TTWO traded up $2.69 during trading hours on Friday, hitting $225.38. 1,533,726 shares of the company were exchanged, compared to its average volume of 1,645,521. The stock has a market cap of $39.78 billion, a PE ratio of -10.57, a price-to-earnings-growth ratio of 6.83 and a beta of 1.01. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $225.49. The stock has a 50-day moving average price of $209.30 and a 200 day moving average price of $191.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

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.