Sumitomo Mitsui Trust Group Inc. Purchases 17,506 Shares of Take-Two Interactive Software, Inc. $TTWO

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 453,780 shares of the company’s stock after purchasing an additional 17,506 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Take-Two Interactive Software worth $117,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Corp purchased a new stake in Take-Two Interactive Software in the third quarter worth about $45,000. Pinnacle Bancorp Inc. bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. lifted its position in shares of Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of Take-Two Interactive Software by 4.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,201 shares of the company’s stock worth $1,085,000 after purchasing an additional 181 shares during the period. Finally, Bayforest Capital Ltd bought a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $562,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of recent research reports. Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. DA Davidson boosted their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Benchmark raised their price objective on Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research note on Monday, December 1st. Finally, Wedbush increased their price target on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $267.57.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the transaction, the director owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $235.95, for a total transaction of $97,683.30. Following the sale, the director directly owned 2,716 shares in the company, valued at $640,840.20. This trade represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Down 0.6%

Shares of NASDAQ:TTWO opened at $247.49 on Wednesday. The business’s 50-day moving average is $246.27 and its 200 day moving average is $243.61. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. Take-Two Interactive Software, Inc. has a 1 year low of $178.65 and a 1 year high of $264.79. The firm has a market capitalization of $45.73 billion, a P/E ratio of -10.96, a P/E/G ratio of 3.97 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.08) earnings per share. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

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.