Cibc World Markets Corp Lowers Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cibc World Markets Corp reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,163 shares of the company’s stock after selling 5,993 shares during the period. Cibc World Markets Corp’s holdings in Take-Two Interactive Software were worth $23,408,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TTWO. Envestnet Portfolio Solutions Inc. raised its stake in shares of Take-Two Interactive Software by 3.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,493 shares of the company’s stock valued at $2,668,000 after acquiring an additional 442 shares in the last quarter. LBP AM SA purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $2,127,000. Commonwealth Equity Services LLC grew its stake in Take-Two Interactive Software by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,612 shares of the company’s stock valued at $1,401,000 after purchasing an additional 253 shares during the last quarter. Erste Asset Management GmbH boosted its position in Take-Two Interactive Software by 25.3% in the fourth quarter. Erste Asset Management GmbH now owns 39,110 shares of the company’s stock valued at $7,291,000 after buying an additional 7,900 shares during the last quarter. Finally, Tredje AP fonden boosted its holdings in shares of Take-Two Interactive Software by 346.7% in the 4th quarter. Tredje AP fonden now owns 118,235 shares of the company’s stock valued at $21,765,000 after acquiring an additional 91,765 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. 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. Moffett Nathanson increased their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Benchmark restated a “buy” rating and set a $225.00 price target (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $213.38.

Take-Two Interactive Software Stock Up 0.9 %

TTWO stock opened at $206.50 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $36.45 billion, a PE ratio of -9.68, a P/E/G ratio of 6.83 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $218.75. The company’s 50 day simple moving average is $197.82 and its 200-day simple moving average is $179.56.

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.