CIBC Asset Management Inc boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,794 shares of the company's stock after acquiring an additional 1,449 shares during the period. CIBC Asset Management Inc's holdings in Take-Two Interactive Software were worth $10,086,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TTWO. Itau Unibanco Holding S.A. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after buying an additional 87 shares during the period. Truvestments Capital LLC bought a new position in Take-Two Interactive Software in the 3rd quarter valued at $31,000. Friedenthal Financial bought a new position in Take-Two Interactive Software in the 4th quarter valued at $50,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock worth $43,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.
Take-Two Interactive Software Stock Down 1.7 %
Shares of TTWO traded down $3.59 during mid-day trading on Friday, reaching $211.65. The company's stock had a trading volume of 1,438,824 shares, compared to its average volume of 1,817,933. The business has a fifty day moving average of $190.12 and a 200 day moving average of $172.39. The company has a market cap of $37.36 billion, a price-to-earnings ratio of -9.92, a price-to-earnings-growth ratio of 6.82 and a beta of 0.89. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $218.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.
Insider Activity
In other news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company's stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.45% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on TTWO. Stifel Nicolaus increased their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Raymond James reaffirmed an "outperform" rating and issued a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. TD Cowen lifted their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. StockNews.com downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Finally, Roth Mkm lifted their price objective on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.55.
Read Our Latest Stock Analysis on TTWO
About Take-Two Interactive Software
(
Free Report)
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.
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