Polar Asset Management Partners Inc. Raises Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Polar Asset Management Partners Inc. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 150.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,300 shares of the company's stock after purchasing an additional 48,800 shares during the period. Polar Asset Management Partners Inc.'s holdings in Take-Two Interactive Software were worth $14,966,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. grew its position 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 buying an additional 54 shares in the last quarter. Fifth Third Bancorp raised its stake in Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock valued at $3,157,000 after purchasing an additional 57 shares in the last quarter. Principal Securities Inc. lifted its position in Take-Two Interactive Software by 6.0% during the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock worth $189,000 after purchasing an additional 58 shares during the period. State of Wyoming grew its stake in Take-Two Interactive Software by 13.0% during the fourth quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after buying an additional 60 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in Take-Two Interactive Software by 2.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company's stock valued at $563,000 after buying an additional 61 shares during the period. 95.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTWO. BMO Capital Markets restated an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Raymond James reissued an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. JPMorgan Chase & Co. increased their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Ascendiant Capital Markets boosted 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 report on Monday, March 3rd. Finally, Moffett Nathanson boosted their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $0.43 during mid-day trading on Friday, reaching $225.82. The stock had a trading volume of 920,158 shares, compared to its average volume of 1,735,304. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $240.78. The business's 50 day moving average price is $218.60 and its 200 day moving average price is $202.06. The company has a market cap of $40.07 billion, a P/E ratio of -10.60, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

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.