Tobam Sells 12,236 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Tobam lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 88.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,577 shares of the company's stock after selling 12,236 shares during the quarter. Tobam's holdings in Take-Two Interactive Software were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TTWO. Fifth Third Bancorp increased its stake in Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock valued at $3,157,000 after purchasing an additional 57 shares in the last quarter. Y.D. More Investments Ltd increased its position in shares of Take-Two Interactive Software by 2.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company's stock valued at $563,000 after buying an additional 61 shares in the last quarter. Hartford Investment Management Co. raised its stake in Take-Two Interactive Software by 0.7% during the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company's stock worth $1,576,000 after buying an additional 74 shares during the period. Huntington National Bank raised its stake in Take-Two Interactive Software by 9.3% during the 3rd quarter. Huntington National Bank now owns 896 shares of the company's stock worth $138,000 after buying an additional 76 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in Take-Two Interactive Software by 1.8% during the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company's stock worth $691,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was 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. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Cowen raised their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. UBS Group upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and raised their target price for the stock from $175.00 to $230.00 in a report on Monday, January 27th. Moffett Nathanson upped their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Benchmark reaffirmed a "buy" rating and issued a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average price target of $208.47.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded down $2.57 on Tuesday, hitting $209.94. 1,783,187 shares of the stock were exchanged, compared to its average volume of 1,878,570. The business's fifty day moving average is $186.87 and its 200 day moving average is $169.59. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $215.84. The company has a market capitalization of $36.87 billion, a PE ratio of -9.84, a P/E/G ratio of 5.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

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.