Advisors Asset Management Inc. has sold its interest in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) fell 10.5% in the third quarter, HoldingsChannel.com reports. The fund owned 945 shares of the company after selling 111 shares during the quarter. The importance of Advisors Asset Management Inc. in Take-Two Interactive Software was worth $145,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Take-Two Interactive Software by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after purchasing an additional 192,774 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after acquiring an additional 666,198 shares in the last quarter. 1832 Asset Management LP increased its position in shares of Take-Two Interactive Software by 49.9% during the second quarter. 1832 Asset Management LP now owns 1,619,380 shares of the company’s stock valued at $251,797,000 after acquiring an additional 538,906 shares during the last quarter. DNB Asset Management AS increased its stake in Take-Two Interactive Software shares by 6.7% in the second quarter. DNB Asset Management AS now owns 1,406,841 shares of the company’s stock valued at $218,750,000 after purchasing an additional 88,908 shares in the last quarter. Finally, Ninety One UK Ltd increased its stake in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after purchasing an additional 1,047,979 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s shares.
Insider activity at Take-Two Interactive Software
In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8. The stock 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 directly owns 9,692 shares in the company, valued at $1,736,515.64. This means a decrease in their position of 17.11%. The sale was disclosed in a document filed with the SEC, available at this link. 1.45% of the shares are currently owned by business insiders.
Analyst upgrades and downgrades
A number of stock analysts have commented on the stock. Oppenheimer raised their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12. Stifel Nicolaus raised their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5. Finally, TD Cowen raised their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 22. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.75.
Get our latest stock report on Take-Two Interactive Software
Take-Two interactive software rises 1.5%
NASDAQ TTWO opened at $188.38 on Friday. Take-Two Interactive Software, Inc. has a one-year low of $135.24 and a one-year high of $190.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $33.08 billion, a price-to-earnings ratio of -8.90, a price-to-earnings growth ratio of 5.59, and a beta of 0.85. The company’s 50-day simple moving average is $164.87 and its two-hundred-day simple moving average is $157.54.
About Take-Two interactive software
(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 names Grand Theft Auto, LA Noire, Max Payne, Midnight Club and Red Dead Redemption, as well as other franchises.
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Would you like to see which other hedge funds own TTWO? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).
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