Provident Investment Management Inc. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 173,333 shares of the company's stock after buying an additional 4,590 shares during the period. Take-Two Interactive Software accounts for approximately 3.0% of Provident Investment Management Inc.'s holdings, making the stock its 14th largest holding. Provident Investment Management Inc. owned approximately 0.10% of Take-Two Interactive Software worth $31,907,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its holdings in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares during the period. Norges Bank acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $495,086,000. State Street Corp boosted its holdings in shares of Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company's stock valued at $1,675,241,000 after purchasing an additional 880,816 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $115,133,000. Finally, Amundi increased its holdings in shares of Take-Two Interactive Software by 74.8% during the 4th quarter. Amundi now owns 741,045 shares of the company's stock worth $136,160,000 after buying an additional 317,048 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.
Take-Two Interactive Software Stock Performance
Shares of NASDAQ TTWO traded down $0.35 during midday trading on Wednesday, hitting $195.90. The company's stock had a trading volume of 528,899 shares, compared to its average volume of 1,621,750. 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 1-year low of $135.24 and a 1-year high of $220.93. The firm's fifty day moving average price is $205.80 and its 200-day moving average price is $185.64. The firm has a market cap of $34.58 billion, a P/E ratio of -9.18, a P/E/G ratio of 6.83 and a beta of 1.01.
Analysts Set New Price Targets
A number of research analysts recently weighed in on TTWO shares. Benchmark reiterated a "buy" rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. DA Davidson started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Moffett Nathanson increased their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, StockNews.com lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.38.
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Take-Two Interactive Software Profile
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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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