Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Position Lessened by Alerus Financial NA

Alerus Financial NA reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,637 shares of the company’s stock after selling 955 shares during the quarter. Alerus Financial NA’s holdings in Take-Two Interactive Software were worth $8,398,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TTWO. Crewe Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 143 shares during the last quarter. UMB Bank n.a. increased its position in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Truvestments Capital LLC bought a new stake in Take-Two Interactive Software during the 3rd quarter valued at $31,000. Blue Trust Inc. boosted its position in Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the period. Finally, HHM Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the second quarter worth $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research analyst reports. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, November 7th. Robert W. Baird raised 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. Stifel Nicolaus upped their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group lifted 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. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $191.75.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $188.38 on Friday. The firm’s 50 day moving average price is $165.66 and its two-hundred day moving average price is $157.84. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $190.43.

Insider Transactions at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.45% of the stock is currently owned by insiders.

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.