Franklin Resources Inc. increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,587 shares of the company's stock after acquiring an additional 2,420 shares during the quarter. Franklin Resources Inc.'s holdings in Take-Two Interactive Software were worth $2,685,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in Take-Two Interactive Software by 24.2% in the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after purchasing an additional 54 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Take-Two Interactive Software by 0.3% during the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock worth $3,157,000 after acquiring an additional 57 shares during the last quarter. Principal Securities Inc. grew its stake in Take-Two Interactive Software by 6.0% during the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company's stock valued at $189,000 after acquiring an additional 58 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Take-Two Interactive Software by 2.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company's stock valued at $563,000 after acquiring an additional 61 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Take-Two Interactive Software by 2.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,946 shares of the company's stock worth $542,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.
Wall Street Analysts Forecast Growth
TTWO has been the subject of a number of recent research reports. Raymond James reissued an "outperform" rating and issued a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. UBS Group raised Take-Two Interactive Software from a "neutral" rating to a "buy" rating and lifted their target price for the company from $175.00 to $230.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Oppenheimer boosted their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. Finally, Ascendiant Capital Markets increased their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.38.
Read Our Latest Research Report on TTWO
Take-Two Interactive Software Trading Up 0.8 %
Shares of NASDAQ TTWO traded up $1.65 during midday trading on Tuesday, reaching $214.60. 1,266,924 shares of the stock were exchanged, compared to its average volume of 1,636,868. The company has a 50 day simple moving average of $208.72 and a 200 day simple moving average of $187.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $37.88 billion, a P/E ratio of -10.06, a PEG ratio of 6.83 and a beta of 1.01. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $220.93.
Take-Two Interactive Software Company Profile
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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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