Discovery Capital Management LLC CT Has $33.13 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Discovery Capital Management LLC CT reduced its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,957 shares of the company's stock after selling 13,000 shares during the quarter. Take-Two Interactive Software accounts for 2.3% of Discovery Capital Management LLC CT's investment portfolio, making the stock its 14th biggest holding. Discovery Capital Management LLC CT owned about 0.10% of Take-Two Interactive Software worth $33,126,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Elwood Capital Partners LP acquired a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $920,000. Geode Capital Management LLC boosted its position in Take-Two Interactive Software by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,110,469 shares of the company's stock valued at $754,671,000 after purchasing an additional 99,279 shares during the last quarter. Franklin Resources Inc. grew its stake in Take-Two Interactive Software by 19.9% in the fourth quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock valued at $2,685,000 after purchasing an additional 2,420 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in Take-Two Interactive Software by 3.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 11,480 shares of the company's stock worth $2,113,000 after purchasing an additional 423 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Take-Two Interactive Software by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 300,583 shares of the company's stock worth $55,331,000 after purchasing an additional 10,039 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 6.9 %

NASDAQ TTWO traded down $14.35 during trading hours on Friday, hitting $194.58. The company's stock had a trading volume of 3,683,743 shares, compared to its average volume of 1,613,812. The stock has a fifty day moving average of $205.30 and a 200 day moving average of $184.48. 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 twelve month low of $135.24 and a twelve month high of $220.93. The firm has a market capitalization of $34.34 billion, a P/E ratio of -9.12, a PEG ratio of 6.83 and a beta of 0.82.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. DA Davidson initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Wedbush reiterated an "outperform" rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a report on Friday, February 7th. UBS Group upgraded Take-Two Interactive Software from a "neutral" rating to a "buy" rating and raised their target price for the company from $175.00 to $230.00 in a report on Monday, January 27th. Ascendiant Capital Markets upped their price target on 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. Finally, Moffett Nathanson raised their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.38.

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.