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Nikko Asset Management Americas Inc. Grows Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Take-Two Interactive Software logo with Consumer Discretionary background

Key Points

  • Nikko Asset Management Americas Inc. increased its holdings in Take-Two Interactive Software by 30.3%, now owning 6,418 shares valued at approximately $1.33 million.
  • Institutional investors collectively own 95.46% of Take-Two Interactive Software stock, indicating strong institutional confidence in the company.
  • Wall Street analysts have mixed opinions on the stock, with price targets ranging from $210 to $270 and an average rating of "Moderate Buy".
  • Five stocks we like better than Take-Two Interactive Software.

Nikko Asset Management Americas Inc. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 30.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,418 shares of the company's stock after acquiring an additional 1,494 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in Take-Two Interactive Software were worth $1,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TTWO. Moody Lynn & Lieberson LLC raised its position in shares of Take-Two Interactive Software by 0.9% in the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock valued at $1,050,000 after purchasing an additional 45 shares during the period. Adero Partners LLC boosted its stake in shares of Take-Two Interactive Software by 2.9% in the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after purchasing an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares in the last quarter. State of Wyoming boosted its position in Take-Two Interactive Software by 13.0% during the 4th quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after buying an additional 60 shares during the period. Finally, Simon Quick Advisors LLC boosted its position in Take-Two Interactive Software by 4.0% during the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TTWO. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. BMO Capital Markets reissued an "outperform" rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. DA Davidson boosted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Raymond James Financial reissued an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Finally, Benchmark raised their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $234.05.

Check Out Our Latest Research Report on Take-Two Interactive Software

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the transaction, the insider directly owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the transaction, the president directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

TTWO traded up $1.53 during midday trading on Wednesday, hitting $225.51. 339,020 shares of the company traded hands, compared to its average volume of 2,024,049. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $40.01 billion, a PE ratio of -8.88, a price-to-earnings-growth ratio of 5.88 and a beta of 1.03. The company's 50-day moving average is $233.91 and its 200 day moving average is $217.05. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.07.

Take-Two Interactive Software Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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