Smith Group Asset Management LLC Makes New $2.95 Million Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Smith Group Asset Management LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,000 shares of the company's stock, valued at approximately $2,945,000.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at $27,000. Versant Capital Management Inc boosted its stake in shares of Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after purchasing an additional 87 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at $31,000. Friedenthal Financial purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $50,000. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock valued at $43,000 after purchasing an additional 115 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TTWO shares. UBS Group raised shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and boosted their target price for the company from $175.00 to $230.00 in a research note on Monday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Wedbush reaffirmed an "outperform" rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, TD Cowen upped their price objective on shares of 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. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $203.47.

Take-Two Interactive Software Stock Up 1.6 %

Shares of TTWO traded up $2.95 during mid-day trading on Wednesday, hitting $190.09. 1,430,253 shares of the company traded hands, compared to its average volume of 1,550,613. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $192.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $33.39 billion, a PE ratio of -8.98, a price-to-earnings-growth ratio of 5.84 and a beta of 0.89. The business has a 50 day moving average of $185.58 and a 200 day moving average of $166.62.

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.