Totem Point Management LLC Increases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Totem Point Management LLC increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 122.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,401 shares of the company's stock after buying an additional 33,202 shares during the period. Take-Two Interactive Software comprises approximately 11.8% of Totem Point Management LLC's holdings, making the stock its 3rd largest position. Totem Point Management LLC's holdings in Take-Two Interactive Software were worth $11,119,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Davis R M Inc. boosted its position in shares of Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company's stock worth $42,233,000 after acquiring an additional 10,701 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $1,442,000. Fiduciary Alliance LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $734,000. Legacy Trust grew its position in shares of Take-Two Interactive Software by 8.9% during the fourth quarter. Legacy Trust now owns 25,772 shares of the company's stock valued at $4,744,000 after purchasing an additional 2,115 shares in the last quarter. Finally, Summit Place Financial Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $748,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TTWO shares. The Goldman Sachs Group raised their price target 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. StockNews.com lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Ascendiant Capital Markets upped their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Wedbush reissued an "outperform" rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Benchmark restated a "buy" rating and set a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $213.86.

Take-Two Interactive Software Trading Up 1.2 %

Shares of TTWO traded up $2.69 during trading hours on Friday, reaching $225.38. 1,533,726 shares of the company traded hands, compared to its average volume of 1,642,372. The stock's fifty day moving average price is $209.30 and its 200 day moving average price is $191.07. 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 $39.78 billion, a price-to-earnings ratio of -10.57, a PEG ratio of 6.83 and a beta of 1.01. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $227.14.

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.