Rhumbline Advisers reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,511 shares of the company's stock after selling 6,128 shares during the period. Rhumbline Advisers owned 0.17% of Take-Two Interactive Software worth $54,766,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Avestar Capital LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $218,000. Stanley Laman Group Ltd. lifted its position in shares of Take-Two Interactive Software by 1.0% in the fourth quarter. Stanley Laman Group Ltd. now owns 35,261 shares of the company's stock worth $6,491,000 after buying an additional 340 shares in the last quarter. MFG Wealth Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $1,121,000. Van ECK Associates Corp lifted its position in shares of Take-Two Interactive Software by 4.6% in the fourth quarter. Van ECK Associates Corp now owns 252,233 shares of the company's stock worth $46,431,000 after buying an additional 11,033 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Take-Two Interactive Software by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,667 shares of the company's stock worth $24,104,000 after acquiring an additional 2,585 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Trading Down 0.6 %
Shares of NASDAQ TTWO traded down $1.20 during trading hours on Wednesday, reaching $215.18. The stock had a trading volume of 1,582,226 shares, compared to its average volume of 1,835,068. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a market cap of $37.98 billion, a price-to-earnings ratio of -10.09, a P/E/G ratio of 6.52 and a beta of 0.89. The business's fifty day moving average price is $189.60 and its two-hundred day moving average price is $172.09. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $218.75.
Analyst Ratings Changes
Several brokerages have weighed in on TTWO. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Citigroup boosted their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. TD Cowen boosted their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Stifel Nicolaus boosted their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, StockNews.com cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $210.55.
Read Our Latest Analysis on TTWO
Insider Activity at Take-Two Interactive Software
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.45% of the stock is owned by company insiders.
About Take-Two Interactive Software
(
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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