CIBC Asset Management Inc Has $10.09 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

CIBC Asset Management Inc raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,794 shares of the company’s stock after buying an additional 1,449 shares during the period. CIBC Asset Management Inc’s holdings in Take-Two Interactive Software were worth $10,086,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Catalyst Capital Advisors LLC raised its position in shares of Take-Two Interactive Software by 76.2% during the fourth quarter. Catalyst Capital Advisors LLC now owns 495 shares of the company’s stock worth $91,000 after purchasing an additional 214 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Take-Two Interactive Software by 3.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 61,966 shares of the company’s stock worth $11,407,000 after purchasing an additional 2,244 shares during the period. Secured Retirement Advisors LLC raised its position in shares of Take-Two Interactive Software by 2.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 7,866 shares of the company’s stock worth $1,448,000 after purchasing an additional 203 shares during the period. Allworth Financial LP raised its position in shares of Take-Two Interactive Software by 10.9% during the fourth quarter. Allworth Financial LP now owns 1,035 shares of the company’s stock worth $195,000 after purchasing an additional 102 shares during the period. Finally, Principal Securities Inc. raised its position in shares of Take-Two Interactive Software by 6.0% during the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock worth $189,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $216.38 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $216.52. The stock has a 50 day moving average of $189.11 and a 200-day moving average of $171.79. The company has a market capitalization of $38.19 billion, a P/E ratio of -10.14, a P/E/G ratio of 5.68 and a beta of 0.89.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TTWO has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $225.00 price target (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Citigroup increased their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Raymond James reiterated an “outperform” rating and set a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.47.

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.