Ieq Capital LLC Trims Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Ieq Capital LLC lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 59.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,340 shares of the company’s stock after selling 1,998 shares during the period. Ieq Capital LLC’s holdings in Take-Two Interactive Software were worth $247,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Summit Place Financial Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth $748,000. CIBC Asset Management Inc lifted its position in Take-Two Interactive Software by 2.7% during the fourth 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 period. Catalyst Capital Advisors LLC boosted its stake in Take-Two Interactive Software by 76.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 495 shares of the company’s stock worth $91,000 after buying an additional 214 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Take-Two Interactive Software by 3.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 61,966 shares of the company’s stock valued at $11,407,000 after buying an additional 2,244 shares during the period. Finally, Secured Retirement Advisors LLC increased its stake in shares of 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 valued at $1,448,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the 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 completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Stock Up 1.8 %

Shares of NASDAQ TTWO opened at $211.98 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $218.75. The firm has a market cap of $37.41 billion, a price-to-earnings ratio of -9.94, a PEG ratio of 6.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day simple moving average is $193.26 and its 200-day simple moving average is $175.27.

Analyst Ratings Changes

TTWO has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $230.00 in a research note on Monday, January 27th. The Goldman Sachs Group increased their target price 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. Benchmark reissued a “buy” rating and set a $225.00 price target (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Finally, Stifel Nicolaus upped their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.55.

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.