Eagle Rock Investment Company LLC Grows Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Eagle Rock Investment Company LLC boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 78.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 21,559 shares of the company’s stock after purchasing an additional 9,465 shares during the period. Eagle Rock Investment Company LLC’s holdings in Take-Two Interactive Software were worth $3,969,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after buying an additional 13,200 shares during the period. Paloma Partners Management Co purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at approximately $20,290,000. CIBC Asset Management Inc lifted its position in Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after acquiring an additional 4,456 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Take-Two Interactive Software by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after purchasing an additional 10,837 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Take-Two Interactive Software by 37.2% in the third quarter. Vestcor Inc now owns 18,454 shares of the company’s stock valued at $2,837,000 after purchasing an additional 5,000 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $183.37 on Friday. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $192.14. The stock has a market cap of $32.21 billion, a P/E ratio of -8.67, a PEG ratio of 5.55 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $184.73 and a two-hundred day moving average of $164.53.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several recent research reports. StockNews.com raised Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets restated an “outperform” rating and issued a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group increased their price target on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $197.58.

Insider Transactions at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Company 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.