Senator Investment Group LP Sells 164,000 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Senator Investment Group LP reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 49.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,055 shares of the company's stock after selling 164,000 shares during the period. Senator Investment Group LP owned 0.10% of Take-Two Interactive Software worth $30,751,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Wealthfront Advisers LLC boosted its position in shares of Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. Vanguard Group Inc. raised its stake 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 buying an additional 99,909 shares during the last quarter. Capital International Investors boosted its holdings in Take-Two Interactive Software by 9.5% in the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock worth $899,036,000 after acquiring an additional 424,893 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $754,671,000 after acquiring an additional 99,279 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $495,086,000. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded up $2.69 during trading on Friday, reaching $225.38. The company had a trading volume of 1,533,721 shares, compared to its average volume of 1,640,240. The firm has a market capitalization of $39.78 billion, a price-to-earnings ratio of -10.57, a price-to-earnings-growth ratio of 6.83 and a beta of 1.01. 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's 50-day simple moving average is $209.12 and its 200 day simple moving average is $190.57. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $227.14.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTWO. Raymond James reissued an "outperform" rating and set a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research 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 price target for the company. Benchmark reaffirmed a "buy" rating and issued a $225.00 price objective (up from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Ascendiant Capital Markets boosted their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $213.86.

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.