Independent Advisor Alliance Has $790,000 Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Independent Advisor Alliance reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,137 shares of the company’s stock after selling 323 shares during the period. Independent Advisor Alliance’s holdings in Take-Two Interactive Software were worth $790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TTWO. Crewe Advisors LLC raised its holdings in Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. lifted its holdings in Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Blue Trust Inc. grew its stake in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the second quarter worth about $37,000. Finally, BOKF NA raised its position in shares of Take-Two Interactive Software by 466.7% during the first quarter. BOKF NA now owns 272 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the period. Institutional investors own 95.46% of the company’s stock.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Benchmark increased their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus raised their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets upped their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen lifted their price target 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. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.75.

Take-Two Interactive Software Trading Down 1.2 %

Shares of NASDAQ:TTWO opened at $185.56 on Thursday. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $190.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $32.59 billion, a P/E ratio of -8.77, a price-to-earnings-growth ratio of 5.65 and a beta of 0.85. The company has a 50-day simple moving average of $163.59 and a 200 day simple moving average of $157.14.

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.