Point72 Asset Management L.P. Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Point72 Asset Management L.P. decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 98.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,255 shares of the company's stock after selling 809,793 shares during the period. Point72 Asset Management L.P.'s holdings in Take-Two Interactive Software were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TTWO. Cetera Investment Advisers grew its holdings in shares of Take-Two Interactive Software by 488.7% in the first quarter. Cetera Investment Advisers now owns 13,281 shares of the company's stock valued at $1,972,000 after acquiring an additional 11,025 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Take-Two Interactive Software by 68.3% during the 1st quarter. Cetera Advisors LLC now owns 2,210 shares of the company's stock worth $328,000 after purchasing an additional 897 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 9.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,158 shares of the company's stock worth $491,000 after buying an additional 264 shares during the last quarter. Wedmont Private Capital bought a new position in Take-Two Interactive Software during the second quarter valued at about $318,000. Finally, Maia Wealth LLC purchased a new stake in Take-Two Interactive Software during the second quarter worth about $509,000. Institutional investors own 95.46% of the company's stock.

Insider Activity 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 directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $1.81 on Tuesday, hitting $187.90. The company's stock had a trading volume of 1,420,552 shares, compared to its average volume of 1,598,249. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $33.00 billion, a PE ratio of -8.88, a PEG ratio of 5.89 and a beta of 0.88. The company has a 50-day simple moving average of $170.10 and a 200 day simple moving average of $159.64.

Analysts Set New Price Targets

TTWO has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Bank of America reissued a "buy" rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. BMO Capital Markets reaffirmed an "outperform" rating and set a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Finally, Redburn Atlantic began coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They issued a "buy" rating and a $194.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.25.

Take-Two Interactive Software 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.