Rafferty Asset Management LLC Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Rafferty Asset Management LLC lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,804 shares of the company’s stock after selling 6,663 shares during the period. Rafferty Asset Management LLC’s holdings in Take-Two Interactive Software were worth $15,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wedmont Private Capital increased its position in shares of Take-Two Interactive Software by 11.9% in the 4th quarter. Wedmont Private Capital now owns 2,053 shares of the company’s stock valued at $367,000 after acquiring an additional 218 shares during the period. Park Avenue Securities LLC increased its position in shares of Take-Two Interactive Software by 16.3% in the 4th quarter. Park Avenue Securities LLC now owns 3,703 shares of the company’s stock valued at $682,000 after acquiring an additional 518 shares during the period. Meyer Handelman Co. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $202,000. Beech Hill Advisors Inc. increased its position in shares of Take-Two Interactive Software by 1.6% in the 4th quarter. Beech Hill Advisors Inc. now owns 15,239 shares of the company’s stock valued at $2,805,000 after acquiring an additional 240 shares during the period. Finally, Eagle Rock Investment Company LLC increased its position in shares of Take-Two Interactive Software by 78.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 21,559 shares of the company’s stock valued at $3,969,000 after acquiring an additional 9,465 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 1.2%

TTWO stock opened at $232.34 on Friday. The company’s 50-day simple moving average is $214.44 and its 200-day simple moving average is $197.92. 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 52-week low of $135.24 and a 52-week high of $238.00. The firm has a market cap of $41.01 billion, a P/E ratio of -10.89, a PEG ratio of 6.83 and a beta of 1.08.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several research reports. Stifel Nicolaus upped their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. DA Davidson initiated coverage on Take-Two Interactive Software in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and set a $215.00 price target on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Finally, Ascendiant Capital Markets increased their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $213.67.

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.