Asset Allocation & Management Company LLC Takes $253,000 Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Asset Allocation & Management Company LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,372 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of Take-Two Interactive Software by 2.7% in the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock valued at $75,857,000 after purchasing an additional 13,200 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at approximately $20,290,000. CIBC Asset Management Inc raised its stake in Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after acquiring an additional 4,456 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Take-Two Interactive Software by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after acquiring an additional 10,837 shares during the last quarter. Finally, Vestcor Inc raised its stake in Take-Two Interactive Software by 37.2% during the 3rd quarter. Vestcor Inc now owns 18,454 shares of the company’s stock valued at $2,837,000 after acquiring an additional 5,000 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on 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 directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction 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 completion of the transaction, 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 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

Several analysts have commented on TTWO shares. Oppenheimer upped their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. TD Cowen upped their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, Robert W. Baird boosted their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $197.58.

Take-Two Interactive Software Trading Down 0.2 %

Shares of Take-Two Interactive Software stock traded down $0.28 during trading hours on Monday, reaching $178.33. 249,579 shares of the company’s stock were exchanged, compared to its average volume of 1,429,528. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $192.14. The firm has a market capitalization of $31.32 billion, a price-to-earnings ratio of -8.43, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. The company has a fifty day moving average of $183.72 and a 200-day moving average of $163.95. 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.