Allspring Global Investments Holdings LLC Boosts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Allspring Global Investments Holdings LLC grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,667 shares of the company’s stock after acquiring an additional 2,585 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Take-Two Interactive Software were worth $24,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TTWO. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software during the third quarter valued at approximately $27,000. Versant Capital Management Inc lifted its holdings in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after acquiring an additional 87 shares during the last quarter. Truvestments Capital LLC purchased a new position in Take-Two Interactive Software in the third quarter worth $31,000. Friedenthal Financial bought a new position in Take-Two Interactive Software in the fourth quarter valued at $50,000. Finally, Catalyst Capital Advisors LLC lifted its stake in Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the business’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 owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on TTWO shares. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $175.00 to $230.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wedbush reiterated an “outperform” rating and issued a $215.00 target price on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Finally, Moffett Nathanson upped their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $208.47.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $208.76 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $215.84. The stock’s 50 day simple moving average is $188.07 and its two-hundred day simple moving average is $170.69. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $36.66 billion, a price-to-earnings ratio of -9.79, a PEG ratio of 5.68 and a beta of 0.89.

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.