Cetera Investment Advisers Boosts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cetera Investment Advisers increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,379 shares of the company's stock after acquiring an additional 2,642 shares during the period. Cetera Investment Advisers' holdings in Take-Two Interactive Software were worth $3,567,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares during the period. Itau Unibanco Holding S.A. lifted its position in Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after buying an additional 72 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after buying an additional 54 shares during the period. Mizuho Bank Ltd. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $53,000. Finally, UMB Bank n.a. increased its position in shares of Take-Two Interactive Software by 36.3% during the fourth quarter. UMB Bank n.a. now owns 327 shares of the company's stock valued at $60,000 after acquiring an additional 87 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 3.5%

TTWO traded up $7.92 on Monday, reaching $234.66. The company's stock had a trading volume of 2,189,417 shares, compared to its average volume of 1,709,184. The company has a market capitalization of $41.42 billion, a price-to-earnings ratio of -11.00, a P/E/G ratio of 6.83 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $240.78. The stock has a 50 day moving average of $214.89 and a two-hundred day moving average of $198.86.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTWO. The Goldman Sachs Group upped their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Ascendiant Capital Markets upped their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Benchmark boosted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a report on Friday. Finally, Moffett Nathanson raised their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software 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.