Parallel Advisors LLC Sells 4,729 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Parallel Advisors LLC reduced its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,963 shares of the company’s stock after selling 4,729 shares during the period. Parallel Advisors LLC’s holdings in Take-Two Interactive Software were worth $4,411,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TTWO. Itau Unibanco Holding S.A. purchased a new stake in Take-Two Interactive Software during the third quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in Take-Two Interactive Software during the third quarter worth about $31,000. Assetmark Inc. increased its holdings in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after buying an additional 106 shares during the last quarter. Versant Capital Management Inc increased its holdings in Take-Two Interactive Software by 87.0% during the fourth 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 last quarter. Finally, Friedenthal Financial purchased a new stake in Take-Two Interactive Software during the fourth quarter worth about $50,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Trading Up 0.9 %

Shares of TTWO opened at $206.50 on Tuesday. The firm has a market cap of $36.45 billion, a price-to-earnings ratio of -9.68, a PEG ratio of 6.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $218.75. The firm has a 50 day moving average price of $197.82 and a 200-day moving average price of $179.56.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $175.00 to $230.00 in a research note on Monday, January 27th. Roth Mkm lifted their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lifted their target price on shares of 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $213.38.

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.