Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Take-Two Interactive by 14.5%, owning approximately 0.18% of the company valued at $64.97 million.
• Several large institutional investors, including Vanguard Group and Capital International Investors, also raised their stakes, contributing to a total of 95.46% institutional ownership of the stock.
• Analysts have boosted their price targets for Take-Two, with Morgan Stanley increasing it from $210 to $265, leading to a consensus rating of "Moderate Buy".

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,487 shares of the company's stock after acquiring an additional 39,756 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Take-Two Interactive Software worth $64,970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $28,000. North Capital Inc. purchased a new stake in shares of Take-Two Interactive Software in the 1st quarter worth $35,000. Graybill Wealth Management LTD. bought a new position in shares of Take-Two Interactive Software during the 1st quarter worth $37,000. Cullen Frost Bankers Inc. grew its position in shares of Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at $43,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TTWO shares. JPMorgan Chase & Co. increased their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday. Bank of America upped their target price on Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday. UBS Group lifted their price target on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a report on Friday. DA Davidson upped their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company began coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $242.43.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded down $9.12 during trading on Friday, hitting $217.37. 5,617,284 shares of the company were exchanged, compared to its average volume of 1,949,238. Take-Two Interactive Software, Inc. has a fifty-two week low of $141.34 and a fifty-two week high of $245.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $233.54 and a 200 day moving average price of $219.53. The stock has a market capitalization of $40.10 billion, a price-to-earnings ratio of -9.08, a P/E/G ratio of 5.50 and a beta of 0.99.

Insiders Place Their Bets

In related news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the sale, the director owned 3,290 shares in the company, valued at approximately $782,362. The trade was a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock worth $104,014,443 over the last ninety days. Company insiders own 1.34% of the company's stock.

About Take-Two Interactive Software

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.