Cinctive Capital Management LP Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cinctive Capital Management LP reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,871 shares of the company’s stock after selling 475 shares during the period. Cinctive Capital Management LP’s holdings in Take-Two Interactive Software were worth $2,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Itau Unibanco Holding S.A. purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $27,000. Assetmark Inc. grew its holdings in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after purchasing an additional 106 shares in the last quarter. Versant Capital Management Inc increased its stake in Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after buying an additional 87 shares during the period. Friedenthal Financial acquired a new position in Take-Two Interactive Software in the 4th quarter worth $50,000. Finally, First Horizon Advisors Inc. boosted its position in Take-Two Interactive Software by 24.2% in the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock valued at $51,000 after buying an additional 54 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTWO has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their target price for the company from $175.00 to $230.00 in a research report on Monday, January 27th. Stifel Nicolaus raised their price target on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, Citigroup raised their price objective 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $213.38.

Take-Two Interactive Software Trading Up 0.5 %

NASDAQ:TTWO opened at $211.10 on Thursday. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $220.93. 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 business has a 50 day simple moving average of $204.61 and a 200 day simple moving average of $184.02. The firm has a market capitalization of $37.26 billion, a P/E ratio of -9.90, a P/E/G ratio of 6.83 and a beta of 0.82.

Take-Two Interactive Software 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.