Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 96.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,298 shares of the company's stock after purchasing an additional 4,576 shares during the quarter. Central Pacific Bank Trust Division's holdings in Take-Two Interactive Software were worth $1,927,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC boosted its stake in shares of Take-Two Interactive Software by 1,630,798.7% during the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. Norges Bank bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $495,086,000. Raymond James Financial Inc. bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $115,133,000. Alyeska Investment Group L.P. boosted its stake in shares of Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after purchasing an additional 574,326 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded up $0.34 during midday trading on Friday, reaching $225.73. The company had a trading volume of 3,647,815 shares, compared to its average volume of 1,746,012. The business's 50-day simple moving average is $218.75 and its 200 day simple moving average is $202.51. The stock has a market cap of $40.05 billion, a P/E ratio of -10.58, a P/E/G ratio of 6.83 and a beta of 1.08. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $240.78. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TTWO. Benchmark increased their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. DA Davidson increased their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group increased their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, February 7th. UBS Group raised their target price on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $228.10.

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.