Resona Asset Management Co. Ltd. bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 52,054 shares of the company's stock, valued at approximately $9,600,000.
Several other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after acquiring an additional 54 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Take-Two Interactive Software by 0.3% in the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock valued at $3,157,000 after purchasing an additional 57 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Take-Two Interactive Software by 6.0% in the 4th quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock worth $189,000 after purchasing an additional 58 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of Take-Two Interactive Software by 2.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company's stock valued at $563,000 after purchasing an additional 61 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Take-Two Interactive Software by 2.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,946 shares of the company's stock valued at $542,000 after buying an additional 73 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Trading Up 2.3 %
NASDAQ TTWO traded up $4.63 on Friday, reaching $209.04. The stock had a trading volume of 341,208 shares, compared to its average volume of 1,631,873. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $206.95 and a two-hundred day moving average price of $186.58. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $220.93. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of -9.77, a P/E/G ratio of 6.83 and a beta of 1.01.
Analyst Ratings Changes
A number of analysts have weighed in on TTWO shares. Wedbush restated an "outperform" rating and set a $215.00 target price on shares of Take-Two Interactive Software in a report on Friday, February 7th. Benchmark restated a "buy" rating and set a $225.00 price objective (up from $210.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. StockNews.com lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Moffett Nathanson raised their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.38.
Read Our Latest Report on Take-Two Interactive Software
Take-Two Interactive Software Profile
(
Free Report)
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.
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