Empirical Asset Management LLC Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Empirical Asset Management LLC purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the fourth quarter, Holdings Channel reports. The fund purchased 34,880 shares of the company’s stock, valued at approximately $6,421,000.

A number of other hedge funds have also recently made changes to their positions in the company. Eagle Rock Investment Company LLC raised its holdings in Take-Two Interactive Software by 78.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 21,559 shares of the company’s stock valued at $3,969,000 after buying an additional 9,465 shares during the last quarter. Beech Hill Advisors Inc. raised its stake in shares of Take-Two Interactive Software by 1.6% during the fourth quarter. Beech Hill Advisors Inc. now owns 15,239 shares of the company’s stock valued at $2,805,000 after acquiring an additional 240 shares during the last quarter. Meyer Handelman Co. acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $202,000. Park Avenue Securities LLC grew its stake in shares of Take-Two Interactive Software by 16.3% in the fourth quarter. Park Avenue Securities LLC now owns 3,703 shares of the company’s stock worth $682,000 after purchasing an additional 518 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in Take-Two Interactive Software by 71.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 8,505 shares of the company’s stock valued at $1,566,000 after purchasing an additional 3,545 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. TD Cowen boosted their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Oppenheimer increased their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.58.

Take-Two Interactive Software Trading Up 1.1 %

TTWO opened at $183.37 on Friday. The firm has a market capitalization of $32.21 billion, a PE ratio of -8.67, a P/E/G ratio of 5.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $192.14. The company’s 50-day moving average is $184.73 and its 200 day moving average is $164.53.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were 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 owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

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.