Empowered Funds LLC Increases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Empowered Funds LLC lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,934 shares of the company’s stock after acquiring an additional 428 shares during the quarter. Empowered Funds LLC’s holdings in Take-Two Interactive Software were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Swiss National Bank increased its holdings in Take-Two Interactive Software by 2.7% during the 3rd 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 period. CIBC Asset Management Inc grew its position in shares of Take-Two Interactive Software by 9.1% during the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after buying an additional 4,456 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $734,000. Paloma Partners Management Co acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $20,290,000. Finally, TriaGen Wealth Management LLC purchased a new position in Take-Two Interactive Software in the fourth quarter worth approximately $559,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software 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. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.45% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Up 3.7 %

Shares of Take-Two Interactive Software stock opened at $216.38 on Wednesday. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $216.52. The company has a market cap of $38.19 billion, a P/E ratio of -10.14, a PEG ratio of 5.68 and a beta of 0.89. 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 firm has a fifty day moving average of $189.11 and a two-hundred day moving average of $171.79.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their target price for the company from $175.00 to $230.00 in a report on Monday, January 27th. Citigroup lifted their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus boosted their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

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.