Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in Take-Two Interactive Software, Inc. $TTWO

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 370,936 shares of the company’s stock after acquiring an additional 26,647 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Take-Two Interactive Software were worth $95,835,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. AlphaCore Capital LLC boosted its stake in shares of Take-Two Interactive Software by 16.2% in the third quarter. AlphaCore Capital LLC now owns 3,958 shares of the company’s stock valued at $1,023,000 after purchasing an additional 553 shares during the period. Primecap Management Co. CA lifted its holdings in Take-Two Interactive Software by 0.6% in the 3rd quarter. Primecap Management Co. CA now owns 99,459 shares of the company’s stock worth $25,696,000 after buying an additional 600 shares in the last quarter. Intech Investment Management LLC boosted its position in Take-Two Interactive Software by 9.4% in the 3rd quarter. Intech Investment Management LLC now owns 33,189 shares of the company’s stock valued at $8,575,000 after buying an additional 2,859 shares during the last quarter. US Bancorp DE grew its stake in shares of Take-Two Interactive Software by 2.8% during the third quarter. US Bancorp DE now owns 23,837 shares of the company’s stock valued at $6,159,000 after acquiring an additional 646 shares in the last quarter. Finally, MAI Capital Management grew its stake in shares of Take-Two Interactive Software by 1.0% during the third quarter. MAI Capital Management now owns 50,174 shares of the company’s stock valued at $12,963,000 after acquiring an additional 496 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Morgan Stanley upped their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $283.94.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the sale, the director owned 65,626 shares in the company, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares in the company, valued at approximately $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 982 shares of company stock valued at $214,412. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $211.48 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a market cap of $39.16 billion, a price-to-earnings ratio of -9.45, a PEG ratio of 8.74 and a beta of 0.92. The stock has a 50 day moving average of $229.58 and a 200-day moving average of $240.18.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.