Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 98.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,255 shares of the company’s stock after selling 809,793 shares during the period. Point72 Asset Management L.P.’s holdings in Take-Two Interactive Software were worth $2,499,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Swiss National Bank raised its stake in shares of Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after purchasing an additional 13,200 shares during the last quarter. CIBC Asset Management Inc increased its stake in Take-Two Interactive Software by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after buying an additional 4,456 shares during the period. Paloma Partners Management Co purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $20,290,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Take-Two Interactive Software by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock worth $61,928,000 after acquiring an additional 10,837 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of Take-Two Interactive Software by 28.6% in the third quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock valued at $1,974,000 after acquiring an additional 2,867 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Take-Two Interactive Software 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 transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software 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 sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America reissued a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. TD Cowen increased their target price on 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. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Monday, August 12th. Oppenheimer increased their price objective 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Three equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.25.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $187.90 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day moving average price is $170.10 and its two-hundred day moving average price is $159.64. The stock has a market cap of $33.00 billion, a PE ratio of -8.88, a price-to-earnings-growth ratio of 5.89 and a beta of 0.88. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $191.91.

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.