Russell Investments Group Ltd. Increases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Russell Investments Group Ltd. increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 34.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,313 shares of the company's stock after buying an additional 10,540 shares during the period. Russell Investments Group Ltd.'s holdings in Take-Two Interactive Software were worth $7,610,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TTWO. Wedbush Securities Inc. raised its holdings in shares of Take-Two Interactive Software by 8.6% in the 4th quarter. Wedbush Securities Inc. now owns 2,218 shares of the company's stock valued at $408,000 after purchasing an additional 175 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at $53,000. Resona Asset Management Co. Ltd. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $9,600,000. Landscape Capital Management L.L.C. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $1,442,000. Finally, Provident Investment Management Inc. increased its holdings in shares of Take-Two Interactive Software by 2.7% in the 4th quarter. Provident Investment Management Inc. now owns 173,333 shares of the company's stock valued at $31,907,000 after acquiring an additional 4,590 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $1.65 during midday trading on Tuesday, hitting $214.60. 1,266,924 shares of the stock were exchanged, compared to its average volume of 1,636,868. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $208.72 and a 200-day moving average price of $187.85. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $220.93. The stock has a market cap of $37.88 billion, a P/E ratio of -10.06, a PEG ratio of 6.83 and a beta of 1.01.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TTWO shares. Ascendiant Capital Markets boosted 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. Stifel Nicolaus upped their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Raymond James reaffirmed an "outperform" rating and set a $220.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. UBS Group raised Take-Two Interactive Software from a "neutral" rating to a "buy" rating and increased their price objective for the company from $175.00 to $230.00 in a report on Monday, January 27th. Finally, StockNews.com downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $213.38.

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.