First Citizens Bank & Trust Co. Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

First Citizens Bank & Trust Co. bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,608 shares of the company's stock, valued at approximately $480,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company's stock worth $1,675,241,000 after acquiring an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Take-Two Interactive Software by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock worth $828,994,000 after purchasing an additional 648,982 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Take-Two Interactive Software by 1,780.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company's stock worth $70,807,000 after purchasing an additional 436,150 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Take-Two Interactive Software by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company's stock valued at $651,817,000 after buying an additional 417,325 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Take-Two Interactive Software by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company's stock worth $614,511,000 after buying an additional 134,767 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Down 2.8 %

Shares of Take-Two Interactive Software stock traded down $5.32 during trading hours on Friday, reaching $185.91. 988,956 shares of the company were exchanged, compared to its average volume of 1,501,616. The firm has a market cap of $32.65 billion, a PE ratio of -8.78, a PEG ratio of 5.90 and a beta of 0.89. The stock's fifty day moving average is $185.77 and its 200 day moving average is $166.95. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $192.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

Insiders Place Their Bets

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel P. Emerson sold 777 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Stifel Nicolaus raised their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Roth Mkm upped their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. TD Cowen increased their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets restated an "outperform" rating and set a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $203.47.

Take-Two Interactive Software Company 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.