Tidal Investments LLC Purchases 8,687 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Tidal Investments LLC grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 88.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,504 shares of the company's stock after acquiring an additional 8,687 shares during the quarter. Tidal Investments LLC's holdings in Take-Two Interactive Software were worth $2,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company's stock worth $1,675,241,000 after acquiring an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock valued at $828,994,000 after buying an additional 648,982 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock valued at $694,173,000 after buying an additional 666,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Take-Two Interactive Software by 10.9% during the third 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 acquiring an additional 417,325 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company's stock worth $614,511,000 after acquiring an additional 134,767 shares during the period. 95.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TTWO has been the topic of several recent research reports. Morgan Stanley lifted their price target on 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. Wedbush reaffirmed 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. BMO Capital Markets reiterated an "outperform" rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. TD Cowen increased their target price 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. Finally, Robert W. Baird lifted their price target on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $196.00.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $1.70 during mid-day trading on Monday, hitting $187.18. 1,847,001 shares of the company were exchanged, compared to its average volume of 1,592,562. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $191.91. The stock has a market capitalization of $32.87 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. The business has a 50 day simple moving average of $173.10 and a 200-day simple moving average of $160.52. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the 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 owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. The trade was 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 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.