DekaBank Deutsche Girozentrale Purchases 5,926 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

DekaBank Deutsche Girozentrale grew its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,866 shares of the company’s stock after acquiring an additional 5,926 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Take-Two Interactive Software worth $20,909,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $350,811,000. Ninety One UK Ltd lifted its stake in shares of Take-Two Interactive Software by 473.2% during the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after buying an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 2,224.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after buying an additional 1,034,000 shares during the period. TD Asset Management Inc raised its holdings in Take-Two Interactive Software by 269.8% in the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after acquiring an additional 361,273 shares during the period. Finally, Wellington Management Group LLP lifted its position in Take-Two Interactive Software by 421.0% during the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock worth $52,632,000 after acquiring an additional 264,244 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target on the stock. Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets restated an “outperform” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $152.18 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $26.08 billion, a PE ratio of -6.92, a price-to-earnings-growth ratio of 4.57 and a beta of 0.86. Take-Two Interactive Software, Inc. has a twelve month low of $130.34 and a twelve month high of $171.59. The stock’s 50-day simple moving average is $151.73 and its 200 day simple moving average is $151.01.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. On average, analysts anticipate that Take-Two Interactive Software, Inc. will post 1.03 EPS for the current fiscal year.

Take-Two Interactive Software Profile

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.