Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,458 shares of the company’s stock after buying an additional 18,569 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Take-Two Interactive Software worth $77,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new position in Take-Two Interactive Software during the third quarter worth $27,000. Truvestments Capital LLC acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $31,000. Versant Capital Management Inc lifted its stake in Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target 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. TD Cowen lifted their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $175.00 to $230.00 in a research note on Monday, January 27th. Benchmark restated a “buy” rating and issued a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a research report on Friday. Finally, The Goldman Sachs Group lifted their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.45% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Trading Up 14.0 %

Shares of NASDAQ TTWO opened at $208.77 on Monday. The stock has a fifty day simple moving average of $185.94 and a 200-day simple moving average of $168.73. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $212.88. 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 market capitalization of $36.67 billion, a PE ratio of -9.79, a PEG ratio of 5.68 and a beta of 0.89.

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.