Donoghue Forlines LLC Takes Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Donoghue Forlines LLC bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,217 shares of the company’s stock, valued at approximately $2,065,000. Take-Two Interactive Software makes up 0.7% of Donoghue Forlines LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also recently bought and sold shares of TTWO. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at $27,000. Versant Capital Management Inc raised its stake in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after purchasing an additional 87 shares during the period. Truvestments Capital LLC bought a new stake in shares of Take-Two Interactive Software in the third quarter valued at about $31,000. Friedenthal Financial acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $50,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TTWO shares. TD Cowen boosted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.58.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $182.69 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of -8.66, a P/E/G ratio of 5.75 and a beta of 0.89. The stock’s fifty day moving average price is $185.26 and its two-hundred day moving average price is $165.53. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $192.14.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the firm’s 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 transaction, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The sale 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 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 transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company 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.