Deutsche Bank AG Increases Stake in Take-Two Interactive Software, Inc. $TTWO

Deutsche Bank AG raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,385,150 shares of the company’s stock after purchasing an additional 213,570 shares during the period. Deutsche Bank AG owned 0.75% of Take-Two Interactive Software worth $354,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. MCF Advisors LLC purchased a new position in Take-Two Interactive Software in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter valued at $28,000. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the 4th quarter valued at $34,000. True Wealth Design LLC lifted its holdings in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Take-Two Interactive Software in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.7%

Shares of TTWO opened at $210.46 on Thursday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a market capitalization of $39.08 billion, a PE ratio of -129.91, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98. The stock has a fifty day simple moving average of $216.69 and a two-hundred day simple moving average of $223.63. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 373 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $229.35, for a total value of $85,547.55. Following the completion of the sale, the director directly owned 8,719 shares of the company’s stock, valued at $1,999,702.65. This trade represents a 4.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 8,840 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $214.00, for a total value of $1,891,760.00. Following the completion of the sale, the insider directly owned 122,828 shares of the company’s stock, valued at $26,285,192. This trade represents a 6.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 560,588 shares of company stock worth $126,322,522. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software 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.