Envestnet Asset Management Inc. cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,009 shares of the company's stock after selling 27,398 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Take-Two Interactive Software worth $52,096,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its position in shares of Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. Norges Bank bought a new stake in Take-Two Interactive Software in the fourth quarter worth $495,086,000. Raymond James Financial Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $115,133,000. Amundi increased its holdings in shares of Take-Two Interactive Software by 74.8% during the fourth quarter. Amundi now owns 741,045 shares of the company's stock valued at $136,160,000 after acquiring an additional 317,048 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Take-Two Interactive Software by 32.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 580,816 shares of the company's stock worth $106,917,000 after purchasing an additional 143,286 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.
Take-Two Interactive Software Stock Performance
Shares of NASDAQ TTWO traded up $1.68 during trading on Tuesday, hitting $214.63. The company had a trading volume of 626,275 shares, compared to its average volume of 1,635,745. The stock has a 50 day simple moving average of $208.08 and a 200 day simple moving average of $187.67. The firm has a market capitalization of $37.88 billion, a P/E ratio of -10.06, a price-to-earnings-growth ratio of 6.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $220.93.
Wall Street Analyst Weigh In
TTWO has been the topic of several recent analyst reports. Raymond James reissued an "outperform" rating and set a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Benchmark reissued a "buy" rating and set a $225.00 price target (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. StockNews.com cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. DA Davidson assumed coverage on Take-Two Interactive Software in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $213.38.
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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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