Desjardins Global Asset Management Inc. Increases Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Desjardins Global Asset Management Inc. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,931 shares of the company’s stock after buying an additional 456 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $311,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after buying an additional 93 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $25,000. NBC Securities Inc. purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $27,000. BluePath Capital Management LLC purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $30,000. Finally, Whittier Trust Co. purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $30,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $140.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day simple moving average is $148.86 and its two-hundred day simple moving average is $152.07. Take-Two Interactive Software, Inc. has a 12 month low of $119.57 and a 12 month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Equities analysts expect that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on TTWO shares. Benchmark lifted their price target on Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Wedbush reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday. BMO Capital Markets started coverage on Take-Two Interactive Software in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. Finally, Moffett Nathanson cut Take-Two Interactive Software from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $167.00 in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.39.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.