Daiwa Securities Group Inc. Raises Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Daiwa Securities Group Inc. raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 19.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,904 shares of the company’s stock after acquiring an additional 5,107 shares during the period. Daiwa Securities Group Inc.’s holdings in Take-Two Interactive Software were worth $4,974,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTWO. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 1.0% during the first quarter. Vanguard Group Inc. now owns 12,458,920 shares of the company’s stock valued at $1,915,435,000 after purchasing an additional 118,028 shares during the period. BlackRock Inc. raised its stake in Take-Two Interactive Software by 1.5% during the 1st quarter. BlackRock Inc. now owns 12,311,580 shares of the company’s stock valued at $1,468,771,000 after buying an additional 182,016 shares during the last quarter. State Street Corp lifted its holdings in shares of Take-Two Interactive Software by 2.8% during the 1st quarter. State Street Corp now owns 7,016,407 shares of the company’s stock valued at $836,988,000 after buying an additional 192,805 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Take-Two Interactive Software by 1.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock worth $662,690,000 after buying an additional 84,633 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Take-Two Interactive Software by 8.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company’s stock worth $585,492,000 after acquiring an additional 321,632 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.0 %

Shares of NASDAQ:TTWO opened at $140.60 on Friday. The firm’s 50-day moving average is $148.57 and its 200 day moving average is $152.08. Take-Two Interactive Software, Inc. has a 12 month low of $119.57 and a 12 month high of $171.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

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

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the sale, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction dated 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 sale, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TTWO shares. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Wedbush restated an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday. BMO Capital Markets assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. Finally, Roth Mkm lifted their price target on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $176.39.

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.