Meridiem Capital Partners LP Makes New $20.24 Million Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Meridiem Capital Partners LP purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 109,976 shares of the company's stock, valued at approximately $20,244,000. Take-Two Interactive Software makes up approximately 1.8% of Meridiem Capital Partners LP's investment portfolio, making the stock its 24th largest holding. Meridiem Capital Partners LP owned approximately 0.06% of Take-Two Interactive Software at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC increased its stake in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after buying an additional 99,909 shares during the last quarter. Capital International Investors raised its stake in Take-Two Interactive Software by 9.5% in the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after buying an additional 424,893 shares during the period. Ameriprise Financial Inc. raised its stake in Take-Two Interactive Software by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after buying an additional 13,555 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 4,110,469 shares of the company's stock valued at $754,671,000 after buying an additional 99,279 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the topic of a number of research analyst reports. Raymond James restated an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday. Robert W. Baird upped their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday. Ascendiant Capital Markets lifted their target price 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, The Goldman Sachs Group upped their price target on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $225.48.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $5.60 during mid-day trading on Friday, reaching $226.74. The company had a trading volume of 4,376,875 shares, compared to its average volume of 1,722,876. The firm has a market cap of $40.02 billion, a price-to-earnings ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08. The business's 50-day simple moving average is $214.44 and its 200 day simple moving average is $197.92. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $239.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83.

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.