Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stake Reduced by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,014 shares of the company’s stock after selling 11,171 shares during the quarter. TimesSquare Capital Management LLC owned about 0.11% of Take-Two Interactive Software worth $34,057,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its stake in Take-Two Interactive Software by 2.7% during the 4th quarter. CIBC Asset Management Inc now owns 54,794 shares of the company’s stock worth $10,086,000 after buying an additional 1,449 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in Take-Two Interactive Software by 76.2% during the 4th quarter. Catalyst Capital Advisors LLC now owns 495 shares of the company’s stock worth $91,000 after acquiring an additional 214 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Take-Two Interactive Software by 3.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 61,966 shares of the company’s stock worth $11,407,000 after acquiring an additional 2,244 shares during the period. Secured Retirement Advisors LLC boosted its position in Take-Two Interactive Software by 2.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 7,866 shares of the company’s stock worth $1,448,000 after acquiring an additional 203 shares during the period. Finally, Allworth Financial LP boosted its position in Take-Two Interactive Software by 10.9% during the 4th quarter. Allworth Financial LP now owns 1,035 shares of the company’s stock worth $195,000 after acquiring an additional 102 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Up 3.7 %

Shares of Take-Two Interactive Software stock opened at $216.38 on Wednesday. The stock has a 50-day moving average price of $189.11 and a 200 day moving average price of $171.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $216.52.

Analyst Ratings Changes

TTWO has been the subject of a number of analyst reports. The Goldman Sachs Group boosted 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. Wedbush reiterated an “outperform” rating and set a $215.00 price target on shares of Take-Two Interactive Software in a research report on Friday, February 7th. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $175.00 to $230.00 in a research report on Monday, January 27th. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Finally, Oppenheimer boosted 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.47.

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.