Harvest Fund Management Co. Ltd Grows Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Harvest Fund Management Co. Ltd raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 69.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,591 shares of the company’s stock after purchasing an additional 1,063 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Take-Two Interactive Software were worth $396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Take-Two Interactive Software by 110.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after acquiring an additional 93 shares during the period. CVA Family Office LLC acquired a new stake in Take-Two Interactive Software during the fourth quarter worth $25,000. MCF Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth about $26,000. Finally, NBC Securities Inc. bought a new stake in Take-Two Interactive Software during the 3rd quarter worth about $27,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on TTWO. Roth Mkm increased their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a report on Friday, February 9th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, April 19th. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. BMO Capital Markets began coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Take-Two Interactive Software in a research report on Monday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Take-Two Interactive Software Stock Up 0.8 %

TTWO stock traded up $1.11 during mid-day trading on Wednesday, reaching $142.83. 1,021,671 shares of the company traded hands, compared to its average volume of 1,656,785. Take-Two Interactive Software, Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $171.59. The firm’s 50 day moving average price is $148.03 and its 200 day moving average price is $152.27. The stock has a market cap of $24.37 billion, a price-to-earnings ratio of -16.53, a P/E/G ratio of 1.19 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.