Van ECK Associates Corp Increases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Van ECK Associates Corp increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,233 shares of the company’s stock after buying an additional 11,033 shares during the period. Van ECK Associates Corp owned about 0.14% of Take-Two Interactive Software worth $46,431,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in Take-Two Interactive Software by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,667 shares of the company’s stock worth $24,104,000 after buying an additional 2,585 shares during the period. Certuity LLC grew its holdings in Take-Two Interactive Software by 13.8% during the 4th quarter. Certuity LLC now owns 2,407 shares of the company’s stock worth $443,000 after acquiring an additional 292 shares in the last quarter. Savant Capital LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $236,000. WCM Investment Management LLC grew its holdings in Take-Two Interactive Software by 0.7% during the 4th quarter. WCM Investment Management LLC now owns 12,981 shares of the company’s stock worth $2,396,000 after acquiring an additional 86 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $1,032,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 0.4 %

Shares of Take-Two Interactive Software stock opened at $210.09 on Friday. The company has a market cap of $37.08 billion, a P/E ratio of -9.85, a PEG ratio of 5.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $215.84. The firm has a fifty day moving average of $187.69 and a two-hundred day moving average of $170.14.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research analyst reports. Oppenheimer upped their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Roth Mkm upped their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Benchmark restated a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. TD Cowen upped their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus upped their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.