River Global Investors LLP reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,674 shares of the company's stock after selling 6,544 shares during the period. River Global Investors LLP's holdings in Take-Two Interactive Software were worth $1,597,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. E Fund Management Co. Ltd. raised its position in Take-Two Interactive Software by 33.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 2,465 shares of the company's stock valued at $454,000 after purchasing an additional 616 shares in the last quarter. Candriam S.C.A. raised its holdings in Take-Two Interactive Software by 23.4% in the fourth quarter. Candriam S.C.A. now owns 14,571 shares of the company's stock valued at $2,682,000 after acquiring an additional 2,762 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Take-Two Interactive Software by 280.8% in the fourth quarter. Lindbrook Capital LLC now owns 4,341 shares of the company's stock worth $799,000 after acquiring an additional 3,201 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter worth approximately $115,133,000. Finally, Arizona State Retirement System grew its holdings in Take-Two Interactive Software by 6.8% during the 4th quarter. Arizona State Retirement System now owns 50,888 shares of the company's stock worth $9,367,000 after acquiring an additional 3,256 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on TTWO shares. BMO Capital Markets restated an "outperform" rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. DA Davidson initiated coverage on Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. 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 note on Friday, November 22nd. Citigroup upped their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Stifel Nicolaus increased their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $213.38.
Check Out Our Latest Stock Report on Take-Two Interactive Software
Take-Two Interactive Software Stock Performance
TTWO traded up $1.53 during trading on Wednesday, hitting $205.33. The stock had a trading volume of 1,414,932 shares, compared to its average volume of 1,783,927. The firm has a market capitalization of $36.24 billion, a P/E ratio of -9.63, a PEG ratio of 6.83 and a beta of 0.82. 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 twelve month low of $135.24 and a twelve month high of $218.75. The company's 50-day moving average price is $196.32 and its 200 day moving average price is $178.30.
Take-Two Interactive Software Company Profile
(
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.
Further Reading
Before you consider Take-Two Interactive Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Take-Two Interactive Software wasn't on the list.
While Take-Two Interactive Software currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
