1248 Management LLC Makes New $843,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

1248 Management LLC acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,582 shares of the company's stock, valued at approximately $843,000.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its position in Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after buying an additional 87 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Take-Two Interactive Software by 41.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after acquiring an additional 72 shares during the last quarter. Friedenthal Financial purchased a new position in Take-Two Interactive Software in the fourth quarter worth about $50,000. Finally, First Horizon Advisors Inc. increased its stake in Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TTWO. Oppenheimer lifted their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. Ascendiant Capital Markets lifted their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. The Goldman Sachs Group increased their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. DA Davidson began coverage on Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Finally, Benchmark reiterated a "buy" rating and issued a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $213.86.

Take-Two Interactive Software Stock Down 6.7 %

Shares of TTWO traded down $15.67 during mid-day trading on Friday, hitting $219.50. 8,966,760 shares of the company traded hands, compared to its average volume of 1,685,542. The business has a 50 day moving average of $210.94 and a 200 day moving average of $194.16. The company has a market capitalization of $38.74 billion, a PE ratio of -10.29, a price-to-earnings-growth ratio of 6.83 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $238.00.

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.