Raymond James Financial Inc. Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Raymond James Financial Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 625,451 shares of the company's stock, valued at approximately $115,133,000. Raymond James Financial Inc. owned approximately 0.36% of Take-Two Interactive Software as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTWO. Arizona State Retirement System raised its stake in shares of Take-Two Interactive Software by 6.8% during the fourth quarter. Arizona State Retirement System now owns 50,888 shares of the company's stock worth $9,367,000 after acquiring an additional 3,256 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 1.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 24,096 shares of the company's stock valued at $4,436,000 after purchasing an additional 416 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Take-Two Interactive Software in the 4th quarter worth $24,330,000. M&T Bank Corp lifted its stake in Take-Two Interactive Software by 7.4% in the fourth quarter. M&T Bank Corp now owns 10,301 shares of the company's stock worth $1,896,000 after purchasing an additional 709 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Take-Two Interactive Software by 1.8% during the fourth quarter. Atria Investments Inc now owns 4,725 shares of the company's stock valued at $870,000 after buying an additional 83 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

TTWO has been the topic of several analyst reports. Wedbush reiterated an "outperform" rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a report on Friday, February 7th. Oppenheimer lifted their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective 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. Benchmark restated a "buy" rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, Stifel Nicolaus upped their price target on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average target price of $213.38.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded up $1.55 on Wednesday, reaching $205.35. 911,479 shares of the company's stock traded hands, compared to its average volume of 1,770,894. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $218.75. 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 firm has a market cap of $36.24 billion, a price-to-earnings ratio of -9.63, a P/E/G ratio of 6.83 and a beta of 0.82. The stock has a 50 day moving average price of $196.32 and a 200-day moving average price of $178.30.

About Take-Two Interactive Software

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.