Tidal Investments LLC Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Tidal Investments LLC raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 88.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,504 shares of the company’s stock after purchasing an additional 8,687 shares during the period. Tidal Investments LLC’s holdings in Take-Two Interactive Software were worth $2,844,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the last quarter. Raymond James & Associates boosted its stake in Take-Two Interactive Software by 8.1% in the 2nd quarter. Raymond James & Associates now owns 142,961 shares of the company’s stock worth $22,229,000 after buying an additional 10,691 shares during the last quarter. Parsons Capital Management Inc. RI grew its holdings in Take-Two Interactive Software by 6.5% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 3,280 shares of the company’s stock valued at $510,000 after buying an additional 200 shares during the period. Fifth Third Bancorp increased its stake in shares of Take-Two Interactive Software by 2.9% during the 2nd quarter. Fifth Third Bancorp now owns 19,225 shares of the company’s stock valued at $2,989,000 after acquiring an additional 535 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 43.7% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 4,794 shares of the company’s stock worth $745,000 after acquiring an additional 1,457 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the 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 directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly 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 currently owned by corporate insiders.

Take-Two Interactive Software Price Performance

TTWO opened at $185.48 on Monday. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $191.91. The firm has a market cap of $32.58 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 5.76 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $173.10 and a 200 day simple moving average of $160.52.

Analyst Ratings Changes

A number of research firms recently issued reports on TTWO. The Goldman Sachs Group boosted their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley increased their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets reissued 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, Citigroup upped their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $196.00.

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.