Moore Capital Management LP Makes New $2.33 Million Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Moore Capital Management LP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,633 shares of the company's stock, valued at approximately $2,325,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its holdings in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after acquiring an additional 142,450,266 shares in the last quarter. Norges Bank bought a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $495,086,000. Raymond James Financial Inc. acquired a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $115,133,000. Alyeska Investment Group L.P. boosted its position in Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after purchasing an additional 574,326 shares during the last quarter. Finally, Capital International Investors boosted its position in Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares during the last quarter. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded down $5.60 during mid-day trading on Friday, reaching $226.74. 4,376,875 shares of the company were exchanged, compared to its average volume of 1,722,876. The company has a fifty day simple moving average of $214.44 and a 200-day simple moving average of $197.92. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $239.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $40.02 billion, a PE ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08.

Analysts Set New Price Targets

TTWO has been the subject of several recent research reports. Wedbush reissued an "outperform" rating and set a $269.00 price target (up from $253.00) on shares of Take-Two Interactive Software in a research report on Friday. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. DA Davidson increased their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com raised Take-Two Interactive Software from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Raymond James reaffirmed an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and a consensus target price of $225.48.

Take-Two Interactive Software Company 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.