Zacks Investment Management Makes New $4.29 Million Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Zacks Investment Management bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 27,931 shares of the company's stock, valued at approximately $4,293,000.

A number of other hedge funds also recently bought and sold shares of TTWO. Cetera Investment Advisers grew its stake 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 worth $1,972,000 after acquiring an additional 11,025 shares during the last quarter. Cetera Advisors LLC increased its holdings 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. Park Avenue Securities LLC increased its holdings in shares of Take-Two Interactive Software by 6.0% during the 2nd quarter. Park Avenue Securities LLC now owns 3,557 shares of the company's stock worth $553,000 after purchasing an additional 200 shares during the period. OLD National Bancorp IN raised its position in shares of Take-Two Interactive Software by 30.5% during the second quarter. OLD National Bancorp IN now owns 1,782 shares of the company's stock valued at $277,000 after buying an additional 417 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Take-Two Interactive Software by 8.5% in the second quarter. Czech National Bank now owns 30,259 shares of the company's stock valued at $4,705,000 after buying an additional 2,360 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Down 1.0 %

Shares of NASDAQ TTWO traded down $1.81 during midday trading on Monday, hitting $187.90. The stock had a trading volume of 1,420,493 shares, compared to its average volume of 1,598,249. The firm has a market cap of $33.00 billion, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 5.89 and a beta of 0.88. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week 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's 50-day simple moving average is $169.42 and its 200 day simple moving average is $159.39.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several research reports. UBS Group boosted their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 22nd. Oppenheimer raised their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Finally, Benchmark increased their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $194.25.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now owns 9,692 shares of the company's stock, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction 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 owns 149,379 shares of the company's stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by company 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.