Beech Hill Advisors Inc. Raises Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Beech Hill Advisors Inc. lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,239 shares of the company’s stock after purchasing an additional 240 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Take-Two Interactive Software were worth $2,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its stake in Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after buying an additional 880,816 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after acquiring an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. increased its position in 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 during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Take-Two Interactive Software by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after buying an additional 648,982 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in shares of Take-Two Interactive Software by 49.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company’s stock valued at $251,797,000 after purchasing an additional 538,906 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of a number of analyst reports. 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. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Citigroup boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.58.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded up $0.52 during midday trading on Thursday, reaching $181.84. 63,223 shares of the company were exchanged, compared to its average volume of 1,297,542. The company’s 50 day moving average price is $184.65 and its two-hundred day moving average price is $164.40. 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 company has a market cap of $31.94 billion, a P/E ratio of -8.59, a PEG ratio of 5.55 and a beta of 0.89. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $192.14.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’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 completion of the transaction, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction dated 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 directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % 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.

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.