Erste Asset Management GmbH Invests $4.78 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Erste Asset Management GmbH acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, Holdings Channel reports. The firm acquired 31,210 shares of the company’s stock, valued at approximately $4,777,000.

Other institutional investors also recently modified their holdings of the company. Hartford Investment Management Co. boosted its holdings in Take-Two Interactive Software by 0.7% in the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after acquiring an additional 74 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Take-Two Interactive Software by 9.3% in the 3rd quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after purchasing an additional 76 shares in the last quarter. Chicago Capital LLC increased its stake 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 purchasing an additional 85 shares in the last quarter. Studio Investment Management LLC increased its stake in 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 valued at $354,000 after purchasing an additional 86 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings 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 worth $107,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $187.95 on Tuesday. The company’s fifty day simple moving average is $165.66 and its two-hundred day simple moving average is $158.00. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $190.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on TTWO shares. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price for the company. The Goldman Sachs Group raised their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Thursday, November 7th. BMO Capital Markets raised their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus upped their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.