State Treasurer State of Michigan increased its position in Take-Two Interactive Software Inc (NASDAQ:TTWO) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,000 shares of the company’s stock after purchasing an additional 900 shares during the quarter. State Treasurer State of Michigan’s holdings in Take-Two Interactive Software were worth $4,501,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Dupont Capital Management Corp acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $102,000. Invictus RG lifted its stake in Take-Two Interactive Software by 1,188.8% in the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after acquiring an additional 951 shares in the last quarter. JFS Wealth Advisors LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $110,000. Cerebellum GP LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $133,000. Finally, Pittenger & Anderson Inc. lifted its stake in Take-Two Interactive Software by 124.1% in the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock valued at $166,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 89.60% of the company’s stock.
TTWO has been the topic of several research reports. KeyCorp restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, October 17th. BMO Capital Markets boosted their target price on Take-Two Interactive Software from $100.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. MKM Partners boosted their target price 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. Stifel Nicolaus upped their price objective on Take-Two Interactive Software from $105.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $140.00 price objective (up from $3.00) on shares of Take-Two Interactive Software in a report on Wednesday, November 8th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $123.48.
Shares of Take-Two Interactive Software Inc (TTWO) traded down $2.15 on Wednesday, hitting $107.78. The stock had a trading volume of 2,090,900 shares, compared to its average volume of 2,319,970. Take-Two Interactive Software Inc has a 52 week low of $56.50 and a 52 week high of $129.25. The company has a market capitalization of $12,230.00, a P/E ratio of 66.63, a price-to-earnings-growth ratio of 2.94 and a beta of 0.85. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.
COPYRIGHT VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/14/state-treasurer-state-of-michigan-has-4-50-million-position-in-take-two-interactive-software-inc-ttwo.html.
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.
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.