Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.2% during the third quarter, Holdings Channel reports. The institutional investor owned 420,965 shares of the company’s stock after selling 32,583 shares during the period. Wellington Management Group LLP’s holdings in Take-Two Interactive Software were worth $64,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTWO. Ninety One UK Ltd raised its stake in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after buying an additional 1,047,979 shares in the last quarter. State Street Corp increased its position in shares of Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTWO. Stifel Nicolaus lifted 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. Oppenheimer lifted their target price on 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. Morgan Stanley lifted their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark raised their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Three research 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 stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $194.25.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $185.36 on Wednesday. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $191.91. The stock’s 50 day moving average is $170.80 and its two-hundred day moving average is $159.86. The firm has a market capitalization of $32.55 billion, a PE ratio of -8.76, a P/E/G ratio of 5.89 and a beta of 0.88. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Transactions at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Company 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.