Harbour Capital Advisors LLC Reduces Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Harbour Capital Advisors LLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,415 shares of the company’s stock after selling 255 shares during the period. Harbour Capital Advisors LLC’s holdings in Take-Two Interactive Software were worth $1,400,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in Take-Two Interactive Software by 45.2% in the second quarter. Private Advisor Group LLC now owns 3,575 shares of the company’s stock valued at $556,000 after purchasing an additional 1,113 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at $817,000. DekaBank Deutsche Girozentrale lifted its stake in Take-Two Interactive Software by 4.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 131,866 shares of the company’s stock worth $20,909,000 after acquiring an additional 5,926 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in Take-Two Interactive Software by 46.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 2,098 shares of the company’s stock valued at $326,000 after acquiring an additional 663 shares during the period. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at about $207,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded up $0.69 during trading hours on Monday, reaching $179.30. The stock had a trading volume of 434,133 shares, compared to its average volume of 1,454,519. The firm has a 50-day moving average of $183.72 and a 200-day moving average of $163.95. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of -8.47, a PEG ratio of 5.76 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $192.14.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup raised their price target on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Oppenheimer upped their price target on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets restated an “outperform” rating and set a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $197.58.

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.