Capital World Investors Reduces Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Capital World Investors cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,401,433 shares of the company’s stock after selling 363,181 shares during the quarter. Capital World Investors owned 2.51% of Take-Two Interactive Software worth $810,216,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Take-Two Interactive Software by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,311,942 shares of the company’s stock worth $241,514,000 after buying an additional 47,634 shares during the last quarter. Capital International Ltd. CA grew its stake in shares of Take-Two Interactive Software by 2.6% during the 4th quarter. Capital International Ltd. CA now owns 11,840 shares of the company’s stock worth $2,180,000 after purchasing an additional 302 shares during the period. Capital International Investors increased its holdings in shares of Take-Two Interactive Software by 9.5% during the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock valued at $899,036,000 after purchasing an additional 424,893 shares in the last quarter. Capital International Sarl lifted its stake in shares of Take-Two Interactive Software by 5.6% in the 4th quarter. Capital International Sarl now owns 15,638 shares of the company’s stock valued at $2,879,000 after purchasing an additional 830 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in Take-Two Interactive Software by 4.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 258,992 shares of the company’s stock valued at $47,650,000 after buying an additional 10,487 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTWO. Benchmark restated a “buy” rating and set a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Wedbush restated an “outperform” rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, February 7th. DA Davidson initiated coverage on Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Oppenheimer boosted their price target on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Finally, UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $175.00 to $230.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $213.86.

Take-Two Interactive Software Stock Up 0.6 %

TTWO stock opened at $212.77 on Friday. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $220.93. The firm has a market cap of $37.55 billion, a PE ratio of -9.98, a PEG ratio of 6.83 and a beta of 1.01. The firm’s 50 day moving average price is $208.83 and its 200-day moving average price is $189.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83.

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.