Mirae Asset Global Investments Co. Ltd. Buys 11,773 Shares of Take-Two Interactive Software, Inc. $TTWO

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,022 shares of the company’s stock after buying an additional 11,773 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Take-Two Interactive Software were worth $82,959,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. PDS Planning Inc boosted its holdings in shares of Take-Two Interactive Software by 8.3% in the fourth quarter. PDS Planning Inc now owns 898 shares of the company’s stock valued at $230,000 after purchasing an additional 69 shares during the period. Parcion Private Wealth LLC lifted its holdings in shares of Take-Two Interactive Software by 14.9% in the 4th quarter. Parcion Private Wealth LLC now owns 1,654 shares of the company’s stock worth $423,000 after buying an additional 214 shares during the period. Cornerstone Wealth Group LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth $210,000. CWM LLC grew its position in shares of Take-Two Interactive Software by 88.4% during the 4th quarter. CWM LLC now owns 13,009 shares of the company’s stock worth $3,331,000 after buying an additional 6,105 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Take-Two Interactive Software by 1.0% during the fourth quarter. KBC Group NV now owns 27,698 shares of the company’s stock valued at $7,091,000 after buying an additional 272 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research note on Tuesday, February 10th. Finally, Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the sale, the director owned 65,626 shares in the company, valued at $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $415,320. This trade represents a 17.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 65,292 shares of company stock valued at $13,978,938. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $213.93 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $202.96 and its 200-day moving average price is $231.60. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The firm has a market capitalization of $39.62 billion, a PE ratio of -9.56, a price-to-earnings-growth ratio of 3.20 and a beta of 0.96.

About Take-Two Interactive Software

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.