Davis R M Inc. Has $64.93 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Davis R M Inc. lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,305 shares of the company’s stock after buying an additional 4,529 shares during the quarter. Take-Two Interactive Software comprises approximately 1.1% of Davis R M Inc.’s holdings, making the stock its 23rd biggest position. Davis R M Inc. owned approximately 0.14% of Take-Two Interactive Software worth $64,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC acquired a new stake in shares of Take-Two Interactive Software in the third quarter valued at approximately $3,419,000. AGF Management Ltd. increased its stake in Take-Two Interactive Software by 33.1% during the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock worth $18,816,000 after acquiring an additional 18,119 shares during the period. M&G PLC acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $12,465,000. Bank of New York Mellon Corp raised its holdings in Take-Two Interactive Software by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock valued at $264,692,000 after acquiring an additional 18,959 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at $10,948,000. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

TTWO has been the subject of a number of analyst reports. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research report on Tuesday, February 10th. Wells Fargo & Company increased their price target on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a research note on Monday, December 1st. Finally, B. Riley Financial assumed coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $283.94.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 982 shares of company stock valued at $214,412. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $211.48 on Monday. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $39.16 billion, a price-to-earnings ratio of -9.45, a PEG ratio of 8.66 and a beta of 0.94. The firm has a 50 day simple moving average of $229.58 and a 200 day simple moving average of $240.26.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.