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

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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. owned approximately 0.20% of Take-Two Interactive Software worth $95,835,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $26,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Take-Two Interactive Software in the third quarter valued at $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the second quarter valued at $27,000. Meeder Asset Management Inc. lifted its position in Take-Two Interactive Software by 216.3% during the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after buying an additional 93 shares during the period. Finally, NewSquare Capital LLC lifted its position in Take-Two Interactive Software by 55.3% during the second quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock worth $35,000 after buying an additional 52 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTWO has been the subject of several recent analyst reports. UBS Group lifted their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research report on Tuesday, February 10th. Wells Fargo & Company increased 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 note on Wednesday, February 4th. Finally, Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $283.94.

Take-Two Interactive Software Trading Down 0.8%

NASDAQ TTWO opened at $211.48 on Friday. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The company’s 50 day moving average price is $229.58 and its 200 day moving average price is $240.18.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 155 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 982 shares of company stock worth $214,412. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Profile

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.