First Manhattan CO. LLC. Acquires 115,928 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

First Manhattan CO. LLC. increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,250,602 shares of the company’s stock after acquiring an additional 115,928 shares during the quarter. Take-Two Interactive Software comprises about 1.2% of First Manhattan CO. LLC.’s holdings, making the stock its 15th biggest holding. First Manhattan CO. LLC. owned 1.28% of Take-Two Interactive Software worth $417,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis R M Inc. raised its holdings in shares of Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock valued at $42,233,000 after acquiring an additional 10,701 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Take-Two Interactive Software during the fourth quarter valued at about $1,442,000. Fiduciary Alliance LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $734,000. Legacy Trust increased its holdings in shares of Take-Two Interactive Software by 8.9% in the 4th quarter. Legacy Trust now owns 25,772 shares of the company’s stock worth $4,744,000 after buying an additional 2,115 shares during the last quarter. Finally, Summit Place Financial Advisors LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth $748,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTWO. StockNews.com lowered shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Benchmark reiterated 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, February 7th. Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Wedbush reiterated an “outperform” rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Ascendiant Capital Markets lifted their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.67.

Take-Two Interactive Software Trading Down 0.3 %

Shares of NASDAQ:TTWO opened at $225.56 on Friday. 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 company has a market capitalization of $39.81 billion, a PE ratio of -10.57, a P/E/G ratio of 6.83 and a beta of 1.08. The business’s fifty day simple moving average is $212.38 and its 200-day simple moving average is $195.60. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $238.00.

About Take-Two Interactive Software

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.