Fmr LLC Has $88.03 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

FMR LLC cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 15.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 572,731 shares of the company's stock after selling 102,877 shares during the period. FMR LLC owned approximately 0.33% of Take-Two Interactive Software worth $88,034,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC boosted its position in Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company's stock valued at $30,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. raised its position in Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company's stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $31,000. Blue Trust Inc. increased its stake in shares of Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company's stock valued at $36,000 after purchasing an additional 193 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at approximately $37,000. Institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Wedbush reissued an "outperform" rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Hsbc Global Res upgraded Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $194.25.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded down $0.32 during midday trading on Friday, hitting $189.71. The company's stock had a trading volume of 1,500,806 shares, compared to its average volume of 1,599,001. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $191.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $33.32 billion, a price-to-earnings ratio of -8.95, a PEG ratio of 6.18 and a beta of 0.89. The stock's 50 day simple moving average is $168.69 and its 200 day simple moving average is $159.01.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 777 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company's stock, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company's stock.

Take-Two Interactive Software Company 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.