Polar Asset Management Partners Inc. Buys Shares of 32,500 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Polar Asset Management Partners Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,500 shares of the company’s stock, valued at approximately $4,996,000.

Other hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Take-Two Interactive Software during the third quarter worth $27,000. Crewe Advisors LLC lifted 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 worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. lifted its holdings in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Truvestments Capital LLC acquired a new position in shares of Take-Two Interactive Software during the third quarter worth $31,000. Finally, Blue Trust Inc. lifted its holdings in shares of Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. TD Cowen lifted their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.75.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $188.20 on Thursday. The company has a 50-day moving average price of $167.17 and a 200-day moving average price of $158.58. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $190.43. 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 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.