Paloma Partners Management Co Acquires Shares of 132,000 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Paloma Partners Management Co acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 132,000 shares of the company's stock, valued at approximately $20,290,000. Take-Two Interactive Software makes up 0.6% of Paloma Partners Management Co's portfolio, making the stock its 23rd biggest holding. Paloma Partners Management Co owned about 0.08% of Take-Two Interactive Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $4,777,000. Circle Wealth Management LLC grew its stake in Take-Two Interactive Software by 109.6% in the 3rd quarter. Circle Wealth Management LLC now owns 9,061 shares of the company's stock valued at $1,393,000 after acquiring an additional 4,739 shares during the last quarter. Infusive Asset Management Inc. acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $1,731,000. Northwest & Ethical Investments L.P. grew its stake in Take-Two Interactive Software by 37.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 733 shares of the company's stock valued at $113,000 after acquiring an additional 200 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Take-Two Interactive Software by 19.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,719 shares of the company's stock valued at $1,033,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded up $2.82 during trading hours on Monday, hitting $188.38. The stock had a trading volume of 679,636 shares, compared to its average volume of 1,602,906. The stock's fifty day simple moving average is $165.66 and its 200 day simple moving average is $158.00. 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 firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 5.68 and a beta of 0.85. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $190.43.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TTWO shares. Wedbush restated an "outperform" rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Thursday, November 7th. HSBC upgraded shares of Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective on the stock in a report on Monday, August 12th. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Benchmark increased their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Finally, BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.75.

Insider Activity at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software 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.