Erste Asset Management GmbH acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,210 shares of the company's stock, valued at approximately $4,777,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Circle Wealth Management LLC boosted its stake in shares of Take-Two Interactive Software by 109.6% in the 3rd quarter. Circle Wealth Management LLC now owns 9,061 shares of the company's stock valued at $1,393,000 after buying an additional 4,739 shares during the period. Infusive Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $1,731,000. Northwest & Ethical Investments L.P. boosted its stake in shares of Take-Two Interactive Software by 37.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 733 shares of the company's stock valued at $113,000 after buying an additional 200 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Take-Two Interactive Software by 19.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,719 shares of the company's stock valued at $1,033,000 after buying an additional 1,100 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Take-Two Interactive Software by 10.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company's stock worth $651,817,000 after purchasing an additional 417,325 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.
Analysts Set New Price Targets
Several research firms recently weighed in on TTWO. Oppenheimer boosted their target price on 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. Hsbc Global Res raised Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. UBS Group lifted their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Roth Mkm lifted their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.75.
Read Our Latest Report on TTWO
Insider Activity
In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.45% of the company's stock.
Take-Two Interactive Software Stock Performance
Shares of NASDAQ:TTWO traded up $0.11 on Tuesday, hitting $188.06. The company had a trading volume of 926,106 shares, compared to its average volume of 1,598,518. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $190.43. The business has a 50 day moving average of $166.43 and a 200 day moving average of $158.30.
About Take-Two Interactive Software
(
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.
Further Reading
Before you consider Take-Two Interactive Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Take-Two Interactive Software wasn't on the list.
While Take-Two Interactive Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
