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

Daiwa Securities Group Inc. raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.5% in the third quarter, Holdings Channel reports. The institutional investor owned 37,233 shares of the company’s stock after acquiring an additional 3,845 shares during the period. Daiwa Securities Group Inc.’s holdings in Take-Two Interactive Software were worth $5,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TTWO. Swiss National Bank lifted its position in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock valued at $75,857,000 after buying an additional 13,200 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Take-Two Interactive Software by 9.1% during the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after purchasing an additional 4,456 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Take-Two Interactive Software by 2.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after purchasing an additional 10,837 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 28.6% in the third quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock worth $1,974,000 after purchasing an additional 2,867 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Take-Two Interactive Software by 5.9% in the third quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock worth $29,127,000 after purchasing an additional 10,491 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $187.85 on Wednesday. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $190.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $162.89 and a 200-day moving average price of $156.84. The firm has a market capitalization of $32.99 billion, a PE ratio of -8.88, a price-to-earnings-growth ratio of 5.67 and a beta of 0.85.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark boosted their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, TD Cowen increased their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.75.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.