PNC Financial Services Group Inc. Raises Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

PNC Financial Services Group Inc. boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,829 shares of the company's stock after buying an additional 2,946 shares during the period. PNC Financial Services Group Inc.'s holdings in Take-Two Interactive Software were worth $4,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in Take-Two Interactive Software by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock valued at $1,110,510,000 after purchasing an additional 89,093 shares during the last quarter. Capital International Investors raised its position in 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 acquiring an additional 424,893 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Take-Two Interactive Software by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after acquiring an additional 13,555 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Take-Two Interactive Software by 6.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock worth $833,470,000 after purchasing an additional 287,194 shares in the last quarter. Finally, First Manhattan CO. LLC. grew its stake in shares of Take-Two Interactive Software by 5.4% during the 4th quarter. First Manhattan CO. LLC. now owns 2,250,602 shares of the company's stock worth $417,713,000 after purchasing an additional 115,928 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 4.0%

TTWO stock traded down $9.12 during trading on Friday, reaching $217.37. 5,617,284 shares of the stock were exchanged, compared to its average volume of 1,739,752. The business has a 50 day moving average price of $233.54 and a 200-day moving average price of $219.28. Take-Two Interactive Software, Inc. has a 1 year low of $141.34 and a 1 year high of $245.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm 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, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total transaction of $98,449.20. Following the completion of the sale, the director directly owned 3,290 shares of the company's stock, valued at approximately $782,362. This trade represents a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the president owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,792 shares of company stock worth $104,014,443. Company insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of several analyst reports. UBS Group raised their price target on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Friday. Citigroup raised their target price on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday. Finally, DA Davidson increased their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $242.43.

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.