Infusive Asset Management Inc. Buys Shares of 11,260 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Infusive Asset Management Inc. acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,260 shares of the company's stock, valued at approximately $1,731,000.

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

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company's stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Trading Up 1.5 %

Take-Two Interactive Software stock traded up $2.82 during trading hours on Friday, reaching $188.38. 679,634 shares of the company's stock traded hands, compared to its average volume of 1,602,907. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio 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 firm has a market capitalization of $33.08 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 5.59 and a beta of 0.85. The firm's 50 day moving average is $164.87 and its 200-day moving average is $157.54.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America reiterated a "buy" rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. The Goldman Sachs Group increased their price target 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. Morgan Stanley upped their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. TD Cowen increased their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $191.75.

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.