Fred Alger Management LLC Trims Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Fred Alger Management LLC lessened its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,477 shares of the company's stock after selling 17,415 shares during the period. Fred Alger Management LLC's holdings in Take-Two Interactive Software were worth $12,421,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. lifted its position in shares of Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after buying an additional 54 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Take-Two Interactive Software by 0.3% during the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock valued at $3,157,000 after buying an additional 57 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Take-Two Interactive Software by 6.0% during the 4th quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock valued at $189,000 after buying an additional 58 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Take-Two Interactive Software by 2.0% during 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 in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Take-Two Interactive Software by 41.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TTWO shares. Ascendiant Capital Markets increased their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. StockNews.com lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Raymond James reiterated an "outperform" rating and set a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Oppenheimer increased their price objective on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and a consensus price target of $213.67.

Take-Two Interactive Software Trading Up 0.4%

Shares of TTWO traded up $0.80 during midday trading on Friday, reaching $226.25. The company had a trading volume of 1,523,718 shares, compared to its average volume of 1,709,342. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $238.00. The stock has a market cap of $39.93 billion, a PE ratio of -10.61, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The firm has a 50 day simple moving average of $212.73 and a 200-day simple moving average of $196.55. 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 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.