Meyer Handelman Co. Invests $202,000 in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Meyer Handelman Co. purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,100 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. State Street Corp raised its position in shares of Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after acquiring an additional 880,816 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Take-Two Interactive Software by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Take-Two Interactive Software by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after purchasing an additional 417,325 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Take-Two Interactive Software by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after buying an additional 134,767 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $181.32 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $192.14. The company has a fifty day simple moving average of $184.35 and a 200 day simple moving average of $164.28.

Analyst Ratings Changes

TTWO has been the subject of a number of recent analyst reports. TD Cowen upped their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Citigroup boosted their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group raised their price objective on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.58.

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.