Eagle Rock Investment Company LLC Buys 9,465 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Eagle Rock Investment Company LLC boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,559 shares of the company's stock after acquiring an additional 9,465 shares during the quarter. Eagle Rock Investment Company LLC's holdings in Take-Two Interactive Software were worth $3,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TTWO. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software during the third quarter worth $27,000. Truvestments Capital LLC bought a new position in shares of Take-Two Interactive Software during the third quarter valued at about $31,000. Versant Capital Management Inc boosted its holdings in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after purchasing an additional 87 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock worth $43,000 after purchasing an additional 115 shares in the last quarter. Finally, AM Squared Ltd purchased a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $46,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Take-Two Interactive Software from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. BMO Capital Markets reiterated an "outperform" rating and set a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Wedbush restated an "outperform" rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Monday, December 9th. Finally, UBS Group raised their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average price target of $197.58.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company's stock, valued at approximately $28,029,475.56. This 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 company insiders.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $3.04 during midday trading on Friday, reaching $186.41. 1,443,673 shares of the company's stock traded hands, compared to its average volume of 1,423,934. The firm has a market capitalization of $32.74 billion, a PE ratio of -8.81, a price-to-earnings-growth ratio of 5.55 and a beta of 0.89. The company has a 50-day moving average price of $184.73 and a two-hundred day moving average price of $164.53. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $192.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

Take-Two Interactive Software Company Profile

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.