Polar Asset Management Partners Inc. Acquires 48,800 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Polar Asset Management Partners Inc. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 150.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,300 shares of the company’s stock after purchasing an additional 48,800 shares during the period. Polar Asset Management Partners Inc.’s holdings in Take-Two Interactive Software were worth $14,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the period. Itau Unibanco Holding S.A. increased its stake in shares of Take-Two Interactive Software by 41.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company’s stock worth $45,000 after purchasing an additional 72 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after purchasing an additional 54 shares during the period. Mizuho Bank Ltd. bought a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $53,000. Finally, UMB Bank n.a. increased its stake in shares of Take-Two Interactive Software by 36.3% during the fourth quarter. UMB Bank n.a. now owns 327 shares of the company’s stock worth $60,000 after purchasing an additional 87 shares during the period. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTWO. Ascendiant Capital Markets increased their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. StockNews.com raised Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Oppenheimer increased their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $213.67.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $229.50 on Thursday. The firm has a market cap of $40.51 billion, a PE ratio of -10.76, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $213.83 and a 200-day moving average price of $197.42. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $238.00.

Take-Two Interactive Software Company 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.