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

Harbour Capital Advisors LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,415 shares of the company’s stock after selling 255 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Take-Two Interactive Software were worth $1,400,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software during the 3rd quarter valued at $27,000. Truvestments Capital LLC bought a new stake in shares of Take-Two Interactive Software in the third quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in shares of Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after acquiring an additional 87 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after acquiring an additional 115 shares during the period. Finally, AM Squared Ltd bought a new position in Take-Two Interactive Software during the 3rd quarter worth about $46,000. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded up $0.69 during mid-day trading on Monday, hitting $179.30. The company’s stock had a trading volume of 434,133 shares, compared to its average volume of 1,454,519. The stock 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 business’s fifty day moving average is $183.72 and its two-hundred day moving average is $163.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $192.14.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value 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. The trade was a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTWO. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. TD Cowen raised their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Citigroup boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three 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. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target 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.