Alta Capital Management LLC lessened its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 94.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,311 shares of the company's stock after selling 57,067 shares during the period. Alta Capital Management LLC's holdings in Take-Two Interactive Software were worth $609,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company's stock worth $75,857,000 after acquiring an additional 13,200 shares during the period. CIBC Asset Management Inc increased its holdings in Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company's stock worth $8,200,000 after purchasing an additional 4,456 shares during the period. Fiduciary Alliance LLC bought a new stake in Take-Two Interactive Software during the 4th quarter valued at $734,000. Paloma Partners Management Co bought a new stake in Take-Two Interactive Software during the 3rd quarter valued at $20,290,000. Finally, Legacy Trust lifted its holdings in shares of Take-Two Interactive Software by 8.9% in the 4th quarter. Legacy Trust now owns 25,772 shares of the company's stock worth $4,744,000 after buying an additional 2,115 shares during the period. Institutional investors own 95.46% of the company's stock.
Analyst Ratings Changes
Several analysts recently weighed in on TTWO shares. Moffett Nathanson lifted their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Raymond James reissued an "outperform" rating and issued a $220.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Roth Mkm increased their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, TD Cowen lifted their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $213.38.
View Our Latest Research Report on Take-Two Interactive Software
Take-Two Interactive Software Stock Performance
TTWO traded down $3.54 during midday trading on Friday, hitting $204.33. 1,889,345 shares of the company were exchanged, compared to its average volume of 1,795,505. The company's 50 day simple moving average is $195.22 and its 200 day simple moving average is $177.03. The firm has a market capitalization of $36.06 billion, a price-to-earnings ratio of -9.58, a price-to-earnings-growth ratio of 6.83 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $218.75. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.
Take-Two Interactive Software Company Profile
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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.
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