Nomura Asset Management Co. Ltd. Raises Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Nomura Asset Management Co. Ltd. raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 13.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 56,306 shares of the company's stock after purchasing an additional 6,574 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Take-Two Interactive Software were worth $8,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Take-Two Interactive Software in the third quarter valued at about $27,000. Crewe Advisors LLC increased its position in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company's stock worth $30,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company's stock valued at $31,000 after buying an additional 121 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth about $31,000. Finally, Blue Trust Inc. raised its holdings in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company's stock valued at $36,000 after acquiring an additional 193 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTWO. Roth Mkm upped their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Bank of America restated a "buy" rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.00.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded down $4.16 during mid-day trading on Friday, hitting $185.48. 1,327,922 shares of the company traded hands, compared to its average volume of 1,591,507. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $191.91. The stock has a fifty day moving average price of $172.42 and a 200-day moving average price of $160.28.

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.