Wellington Management Group LLP Sells 45,536 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wellington Management Group LLP cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 375,429 shares of the company’s stock after selling 45,536 shares during the period. Wellington Management Group LLP owned about 0.21% of Take-Two Interactive Software worth $69,109,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of 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 during the last quarter. Versant Capital Management Inc boosted its stake in Take-Two Interactive Software by 87.0% in 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 in the last quarter. Friedenthal Financial bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $50,000. First Horizon Advisors Inc. raised its stake in shares of Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after acquiring an additional 54 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Take-Two Interactive Software by 36.3% in the 4th quarter. UMB Bank n.a. now owns 327 shares of the company’s stock worth $60,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TTWO. Raymond James reiterated an “outperform” rating and issued a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $175.00 to $230.00 in a report on Monday, January 27th. 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 report on Friday, February 7th. StockNews.com cut Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, Ascendiant Capital Markets increased their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.38.

Take-Two Interactive Software Stock Down 6.9 %

Shares of Take-Two Interactive Software stock opened at $194.58 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year 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 company has a 50-day moving average of $205.30 and a 200 day moving average of $184.48. The firm has a market cap of $34.34 billion, a price-to-earnings ratio of -9.12, a PEG ratio of 6.83 and a beta of 0.82.

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.