Harvest Fund Management Co. Ltd Purchases 2,896 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Harvest Fund Management Co. Ltd lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 55.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,082 shares of the company's stock after purchasing an additional 2,896 shares during the period. Harvest Fund Management Co. Ltd's holdings in Take-Two Interactive Software were worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TTWO. Ninety One UK Ltd boosted its holdings in shares of Take-Two Interactive Software by 473.2% during the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company's stock worth $197,383,000 after buying an additional 1,047,979 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 3,786.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company's stock worth $128,442,000 after buying an additional 804,793 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock worth $694,173,000 after buying an additional 666,198 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Take-Two Interactive Software by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock worth $828,994,000 after buying an additional 648,982 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 49.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company's stock worth $251,797,000 after buying an additional 538,906 shares during the period. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $0.23 during midday trading on Tuesday, hitting $187.85. The stock had a trading volume of 1,788,219 shares, compared to its average volume of 1,608,540. The company's 50-day moving average price is $162.89 and its 200-day moving average price is $156.84. The company has a market capitalization of $32.99 billion, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 5.67 and a beta of 0.85. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $190.43. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. HSBC raised shares of Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective for the company in a report on Monday, August 12th. TD Cowen boosted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a "buy" rating in a report on Friday. Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They issued a "buy" rating and a $194.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus price target of $191.75.

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.