Truvestments Capital LLC Takes Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Truvestments Capital LLC acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 200 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTWO. Swiss National Bank grew its stake in shares of Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after acquiring an additional 13,200 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Take-Two Interactive Software by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after purchasing an additional 4,456 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Take-Two Interactive Software by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock worth $61,928,000 after purchasing an additional 10,837 shares in the last quarter. WCM Investment Management LLC grew its position in Take-Two Interactive Software by 28.6% during the 3rd quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock worth $1,974,000 after purchasing an additional 2,867 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Take-Two Interactive Software by 5.9% during the 3rd quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock valued at $29,127,000 after purchasing an additional 10,491 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 1.2 %

TTWO stock opened at $185.56 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $190.43. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm has a 50-day simple moving average of $164.23 and a 200-day simple moving average of $157.34. The stock has a market capitalization of $32.59 billion, a P/E ratio of -8.77, a P/E/G ratio of 5.65 and a beta of 0.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. reduced their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. UBS Group upped their target price on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.75.

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 on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.45% of the stock is owned by company insiders.

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.