Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in Take-Two Interactive Software, Inc. $TTWO

Mitsubishi UFJ Trust & Banking Corp grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 38.6% during the third quarter, Holdings Channel.com reports. The fund owned 102,178 shares of the company’s stock after acquiring an additional 28,472 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Take-Two Interactive Software were worth $26,399,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC increased its holdings in Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after buying an additional 53 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at $29,000. Finally, LGT Financial Advisors LLC acquired a new position in Take-Two Interactive Software during the 2nd quarter worth about $34,000. 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 $245.63 on Tuesday. Take-Two Interactive Software, Inc. has a fifty-two week low of $181.86 and a fifty-two week high of $264.79. The firm’s 50 day moving average price is $246.69 and its 200 day moving average price is $243.73. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The stock has a market cap of $45.39 billion, a price-to-earnings ratio of -10.87, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted ($2.08) EPS. The firm’s revenue was up 33.3% on a year-over-year basis. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,010 shares of company stock worth $242,102 in the last three months. 1.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTWO has been the subject of several research reports. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wells Fargo & Company increased their target price on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. BMO Capital Markets boosted their price target on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, B. Riley assumed coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $272.68.

Take-Two Interactive Software Company Profile

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.