Nomura Asset Management Co. Ltd. Raises Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Nomura Asset Management Co. Ltd. grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,306 shares of the company’s stock after buying an additional 6,574 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Take-Two Interactive Software were worth $8,655,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC raised its holdings in Take-Two Interactive Software by 68.3% during the first quarter. Cetera Advisors LLC now owns 2,210 shares of the company’s stock valued at $328,000 after acquiring an additional 897 shares during the period. Sequoia Financial Advisors LLC raised its stake in Take-Two Interactive Software by 9.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,158 shares of the company’s stock valued at $491,000 after purchasing an additional 264 shares during the period. Swedbank AB raised its stake in Take-Two Interactive Software by 2.2% during the 2nd quarter. Swedbank AB now owns 100,849 shares of the company’s stock valued at $15,681,000 after purchasing an additional 2,166 shares during the period. Miracle Mile Advisors LLC purchased a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $280,000. Finally, Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $189.64 on Friday. The stock has a 50 day moving average price of $172.42 and a 200 day moving average price of $160.28. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Wall Street Analyst Weigh In

TTWO has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Monday. Bank of America reissued a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Citigroup lifted their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Oppenheimer increased their price target 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. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.00.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

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.