Harvey Capital Management Inc. Lowers Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Harvey Capital Management Inc. trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,905 shares of the company’s stock after selling 95 shares during the quarter. Take-Two Interactive Software makes up about 1.9% of Harvey Capital Management Inc.’s portfolio, making the stock its 15th biggest holding. Harvey Capital Management Inc.’s holdings in Take-Two Interactive Software were worth $8,266,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TTWO. Itau Unibanco Holding S.A. acquired a new stake in Take-Two Interactive Software during the third quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth about $31,000. Versant Capital Management Inc grew its position in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after acquiring an additional 87 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after purchasing an additional 115 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in Take-Two Interactive Software in the 3rd quarter worth about $46,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $209.94 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average is $186.87 and its two-hundred day moving average is $169.59. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $215.84.

Analyst Upgrades and Downgrades

TTWO has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Citigroup lifted their price target on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Roth Mkm boosted their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Raymond James reaffirmed an “outperform” rating and set a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, Robert W. Baird boosted 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 note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $208.47.

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.