Private Trust Co. NA Boosts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Private Trust Co. NA raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 457 shares of the company’s stock after purchasing an additional 98 shares during the quarter. Private Trust Co. NA’s holdings in Take-Two Interactive Software were worth $74,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in shares of Take-Two Interactive Software by 1.0% in the 4th quarter. Arizona State Retirement System now owns 46,676 shares of the company’s stock valued at $7,513,000 after buying an additional 479 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $55,000. Broad Peak Investment Holdings Ltd. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $35,649,000. Drive Wealth Management LLC increased its holdings in Take-Two Interactive Software by 4.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after purchasing an additional 69 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $437,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTWO shares. Stifel Nicolaus restated a “buy” rating and set a $175.00 price target on shares of Take-Two Interactive Software in a report on Monday, April 1st. Roth Mkm increased their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a report on Friday, February 9th. BMO Capital Markets began coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Benchmark increased their price objective on Take-Two Interactive Software from $164.00 to $200.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Jefferies Financial Group began coverage on Take-Two Interactive Software in a report on Monday, April 1st. They issued a “buy” rating and a $195.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $174.04.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Trading Down 1.7 %

Shares of TTWO stock opened at $152.12 on Thursday. The business’s 50 day moving average is $151.46 and its two-hundred day moving average is $151.88. Take-Two Interactive Software, Inc. has a twelve month low of $118.50 and a twelve month high of $171.59. The company has a market capitalization of $25.95 billion, a P/E ratio of -17.73, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. 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 for the quarter, missing the consensus estimate 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

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.