Penserra Capital Management LLC Raises Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Penserra Capital Management LLC boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,538 shares of the company’s stock after acquiring an additional 523 shares during the quarter. Penserra Capital Management LLC’s holdings in Take-Two Interactive Software were worth $2,694,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hartford Investment Management Co. increased its stake in shares of Take-Two Interactive Software by 0.7% during the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after buying an additional 74 shares during the period. Huntington National Bank lifted its holdings in Take-Two Interactive Software by 9.3% in the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after buying an additional 76 shares during the period. Chicago Capital LLC boosted its position in Take-Two Interactive Software by 2.9% during the 3rd quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after acquiring an additional 85 shares in the last quarter. Studio Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 3.9% during the 3rd quarter. Studio Investment Management LLC now owns 2,303 shares of the company’s stock worth $354,000 after acquiring an additional 86 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in Take-Two Interactive Software by 15.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock valued at $107,000 after buying an additional 91 shares during the period. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.3 %

Shares of NASDAQ:TTWO opened at $187.62 on Tuesday. The stock has a 50 day moving average of $162.89 and a 200 day moving average of $156.84. The company has a market cap of $32.95 billion, a PE ratio of -8.87, a price-to-earnings-growth ratio of 5.67 and a beta of 0.85. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $190.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday, August 12th. Benchmark increased their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned 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 an average target price of $191.75.

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.