Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 634,628 shares of the company’s stock after purchasing an additional 12,531 shares during the quarter. Royal Bank of Canada’s holdings in Take-Two Interactive Software were worth $116,821,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wealthfront Advisers LLC increased its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. Norges Bank acquired a new position in Take-Two Interactive Software during the 4th quarter worth $495,086,000. Raymond James Financial Inc. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth about $115,133,000. Alyeska Investment Group L.P. raised its stake in shares of Take-Two Interactive Software by 74.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock valued at $247,983,000 after purchasing an additional 574,326 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock worth $899,036,000 after purchasing an additional 424,893 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $226.74 on Monday. The firm’s 50 day moving average is $214.89 and its two-hundred day moving average is $198.86. The firm has a market capitalization of $40.02 billion, a P/E ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $240.78.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Morgan Stanley lowered their price target on Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Raymond James reissued an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday. Ascendiant Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Benchmark boosted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.48.

Take-Two Interactive Software 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.