Chevy Chase Trust Holdings LLC trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,709 shares of the company's stock after selling 1,691 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Take-Two Interactive Software were worth $15,777,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TTWO. State Street Corp increased its stake in Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company's stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock worth $828,994,000 after purchasing an additional 648,982 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Take-Two Interactive Software by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company's stock worth $651,817,000 after purchasing an additional 417,325 shares during the period. Geode Capital Management LLC increased its stake in Take-Two Interactive Software by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company's stock worth $614,511,000 after purchasing an additional 134,767 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of Take-Two Interactive Software by 1.4% in the 4th quarter. Ninety One UK Ltd now owns 1,522,111 shares of the company's stock worth $280,190,000 after buying an additional 21,470 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on TTWO shares. JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Raymond James reiterated an "outperform" rating and issued a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. UBS Group upgraded Take-Two Interactive Software from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $175.00 to $230.00 in a research report on Monday, January 27th. Oppenheimer lifted their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $210.55.
Read Our Latest Stock Analysis on Take-Two Interactive Software
Take-Two Interactive Software Stock Performance
NASDAQ:TTWO traded down $1.20 during mid-day trading on Wednesday, hitting $215.18. 1,566,695 shares of the company traded hands, compared to its average volume of 1,832,771. The stock's fifty day moving average price is $189.11 and its 200-day moving average price is $171.79. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $218.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a market cap of $37.98 billion, a price-to-earnings ratio of -10.09, a price-to-earnings-growth ratio of 6.52 and a beta of 0.89.
Insider Buying and Selling at Take-Two Interactive Software
In other news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares of the company's stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.45% of the stock is currently owned by corporate insiders.
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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