Central Pacific Bank Trust Division Has $2.40 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Central Pacific Bank Trust Division lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,379 shares of the company’s stock after selling 3,016 shares during the period. Central Pacific Bank Trust Division’s holdings in Take-Two Interactive Software were worth $2,401,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $26,000. Pinnacle Bancorp Inc. bought a new stake in Take-Two Interactive Software during the third quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC bought a new stake in Take-Two Interactive Software during the second quarter worth approximately $27,000. Meeder Asset Management Inc. grew its holdings in Take-Two Interactive Software by 216.3% during the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $200.63 on Friday. The stock’s fifty day simple moving average is $216.35 and its 200 day simple moving average is $237.87. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The firm has a market cap of $37.15 billion, a price-to-earnings ratio of -8.96, a P/E/G ratio of 8.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TTWO shares. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. B. Riley Financial began coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $284.44.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,390 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the sale, the director owned 21,525 shares in the company, valued at $4,586,762.25. This trade represents a 6.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 155 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the sale, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This trade represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 65,293 shares of company stock valued at $13,994,803. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Company Profile

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.