Quantessence Capital LLC Takes $885,000 Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Quantessence Capital LLC bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,810 shares of the company's stock, valued at approximately $885,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Wealthfront Advisers LLC raised its stake in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. raised its position in Take-Two Interactive Software by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock valued at $3,563,690,000 after acquiring an additional 99,909 shares in the last quarter. Capital International Investors raised its position in Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after acquiring an additional 424,893 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Take-Two Interactive Software by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 4,110,469 shares of the company's stock valued at $754,671,000 after acquiring an additional 99,279 shares during the period. Finally, Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $495,086,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTWO. Benchmark reaffirmed a "buy" rating and set a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Ascendiant Capital Markets upped their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. DA Davidson began coverage on Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Stifel Nicolaus upped their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average price target of $213.86.

Take-Two Interactive Software Price Performance

TTWO traded up $2.69 during trading on Friday, reaching $225.38. The company's stock had a trading volume of 1,533,726 shares, compared to its average volume of 1,642,352. The company has a market cap of $39.78 billion, a price-to-earnings ratio of -10.57, a PEG ratio of 6.83 and a beta of 1.01. The firm has a fifty day simple moving average of $209.30 and a two-hundred day simple moving average of $191.07. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $225.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

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.