Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,477 shares of the company’s stock after selling 17,415 shares during the quarter. Fred Alger Management LLC’s holdings in Take-Two Interactive Software were worth $12,421,000 as of its most recent filing with the SEC.

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

Take-Two Interactive Software Stock Performance

TTWO stock opened at $225.56 on Friday. The firm has a market cap of $39.81 billion, a price-to-earnings ratio of -10.57, a PEG ratio of 6.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $238.00. The firm has a 50-day simple moving average of $212.38 and a two-hundred day simple moving average of $195.60.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTWO. Benchmark reiterated a “buy” rating and issued a $225.00 price objective (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. The Goldman Sachs Group raised their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $175.00 to $230.00 in a report on Monday, January 27th. Finally, Oppenheimer raised 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 research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. 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 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.