Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,191 shares of the company’s stock after purchasing an additional 238 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Take-Two Interactive Software were worth $2,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TTWO. Nordea Investment Management AB lifted its holdings in Take-Two Interactive Software by 130.8% during the third quarter. Nordea Investment Management AB now owns 653,346 shares of the company’s stock valued at $92,122,000 after purchasing an additional 370,229 shares during the last quarter. Mariner LLC lifted its holdings in shares of Take-Two Interactive Software by 223.2% in the third quarter. Mariner LLC now owns 497,060 shares of the company’s stock worth $69,783,000 after buying an additional 343,277 shares in the last quarter. Massachusetts Financial Services Co. MA lifted 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 buying an additional 321,632 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Take-Two Interactive Software by 117.1% in the third quarter. Schroder Investment Management Group now owns 530,403 shares of the company’s stock worth $74,463,000 after buying an additional 286,076 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Take-Two Interactive Software by 10.5% in the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock worth $405,792,000 after buying an additional 275,368 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 1.3 %

Shares of NASDAQ TTWO opened at $141.72 on Wednesday. Take-Two Interactive Software, Inc. has a one year low of $119.57 and a one year high of $171.59. 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 firm’s 50 day simple moving average is $148.03 and its two-hundred day simple moving average is $152.27. The stock has a market capitalization of $24.18 billion, a P/E ratio of -16.52, a PEG ratio of 1.19 and a beta of 0.74.

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

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred 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 transaction, 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. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTWO. Wedbush reissued an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, April 17th. Oppenheimer reissued an “outperform” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Tuesday. Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $167.00 in a report on Monday, February 5th. The Goldman Sachs Group upped their price objective on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, BMO Capital Markets started 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 objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.61.

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.