Highland Capital Management LLC Trims Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Highland Capital Management LLC reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,866 shares of the company’s stock after selling 795 shares during the quarter. Highland Capital Management LLC’s holdings in Take-Two Interactive Software were worth $8,627,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TTWO. Fifth Third Bancorp lifted its position in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock valued at $3,157,000 after acquiring an additional 57 shares in the last quarter. Hartford Investment Management Co. increased its stake in Take-Two Interactive Software by 0.7% during the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after acquiring an additional 74 shares during the last quarter. Huntington National Bank increased its stake in Take-Two Interactive Software by 9.3% during the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after acquiring an additional 76 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Take-Two Interactive Software by 1.8% during the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock worth $691,000 after acquiring an additional 79 shares during the last quarter. Finally, Chicago Capital LLC increased its stake in Take-Two Interactive Software by 2.9% during the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock worth $459,000 after acquiring an additional 85 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Trading Up 1.6 %

Shares of TTWO opened at $190.09 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $185.67 and a 200-day moving average price of $166.78. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $192.14.

Wall Street Analysts Forecast Growth

TTWO has been the topic of a number of analyst reports. Oppenheimer upped their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. TD Cowen upped their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird increased their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley increased their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $203.47.

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.