Sumitomo Mitsui Trust Group Inc. Boosts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 421,458 shares of the company's stock after acquiring an additional 18,569 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Take-Two Interactive Software worth $77,582,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TTWO. Itau Unibanco Holding S.A. purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $27,000. Truvestments Capital LLC bought a new stake in Take-Two Interactive Software during the third quarter valued at approximately $31,000. Versant Capital Management Inc increased its holdings in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after buying an additional 87 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock worth $43,000 after acquiring an additional 115 shares during the period. Finally, AM Squared Ltd purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $46,000. Institutional investors own 95.46% of the company's stock.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction dated 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 transaction, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Moffett Nathanson raised their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Raymond James restated an "outperform" rating and set a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com cut shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

Take-Two Interactive Software Stock Up 0.4 %

Shares of TTWO stock traded up $0.91 during mid-day trading on Thursday, hitting $210.09. 1,338,211 shares of the stock traded hands, compared to its average volume of 1,835,259. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $215.84. The stock has a market cap of $37.08 billion, a P/E ratio of -9.85, a P/E/G ratio of 5.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The stock's fifty day moving average is $187.69 and its two-hundred day moving average is $170.14.

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.