Daiwa Securities Group Inc. Takes Position in Take-Two Interactive Software Inc (TTWO)

Daiwa Securities Group Inc. purchased a new position in Take-Two Interactive Software Inc (NASDAQ:TTWO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,300 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of Take-Two Interactive Software in the third quarter worth approximately $102,000. Invictus RG raised its holdings in shares of Take-Two Interactive Software by 1,188.8% in the third quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after buying an additional 951 shares during the period. JFS Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth approximately $110,000. Cerebellum GP LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth approximately $133,000. Finally, Huntington National Bank raised its holdings in shares of Take-Two Interactive Software by 75.0% in the fourth quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after buying an additional 608 shares during the period. Hedge funds and other institutional investors own 89.60% of the company’s stock.

Shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) opened at $107.04 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $12,210.00, a price-to-earnings ratio of 66.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.85. Take-Two Interactive Software Inc has a 52-week low of $56.50 and a 52-week high of $129.25.

Several brokerages have recently weighed in on TTWO. MKM Partners increased their price target on Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, October 30th. ValuEngine downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird raised Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $137.00 in a research note on Wednesday, November 8th. Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $105.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Wedbush set a $126.00 price objective on Take-Two Interactive Software and gave the stock a “hold” rating in a research note on Thursday, February 8th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $123.48.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 428 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $108.11, for a total transaction of $46,271.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.55% of the stock is currently owned by company insiders.

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About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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