Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,385,150 shares of the company’s stock after buying an additional 213,570 shares during the period. Deutsche Bank AG’s holdings in Take-Two Interactive Software were worth $354,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $34,000. True Wealth Design LLC increased its position in shares of Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth about $41,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $210.46 on Thursday. The company has a market cap of $39.08 billion, a P/E ratio of -129.91, a P/E/G ratio of 4.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50-day moving average of $216.69 and a two-hundred day moving average of $223.63. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $415,320. The trade was a 17.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 560,588 shares of company stock worth $126,322,522. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Company 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.