Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 634,628 shares of the company’s stock after acquiring an additional 12,531 shares during the quarter. Royal Bank of Canada owned approximately 0.36% of Take-Two Interactive Software worth $116,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Davis R M Inc. boosted its position in Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock worth $42,233,000 after acquiring an additional 10,701 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $1,442,000. Legacy Trust grew its position in shares of Take-Two Interactive Software by 8.9% in the fourth quarter. Legacy Trust now owns 25,772 shares of the company’s stock valued at $4,744,000 after purchasing an additional 2,115 shares during the period. Summit Place Financial Advisors LLC acquired a new position in Take-Two Interactive Software in the fourth quarter valued at $748,000. Finally, Fisher Asset Management LLC purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $259,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TTWO. UBS Group upped their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday. Moffett Nathanson boosted their target price on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Morgan Stanley dropped their price target on shares of Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Robert W. Baird lifted their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Friday. Finally, DA Davidson upped their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.48.

Take-Two Interactive Software Stock Down 2.4%

NASDAQ TTWO opened at $226.74 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $240.78. The business has a 50 day moving average price of $214.89 and a two-hundred day moving average price of $198.86. The stock has a market cap of $40.02 billion, a PE ratio of -10.63, a P/E/G ratio of 6.83 and a beta of 1.08.

About Take-Two Interactive Software

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.