Brown Brothers Harriman & Co. Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Brown Brothers Harriman & Co. grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 21.6% during the second quarter, Holdings Channel.com reports. The fund owned 171,093 shares of the company’s stock after acquiring an additional 30,416 shares during the period. Brown Brothers Harriman & Co.’s holdings in Take-Two Interactive Software were worth $26,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC raised its holdings in shares of Take-Two Interactive Software by 66.0% in the 4th quarter. Private Advisor Group LLC now owns 2,432 shares of the company’s stock valued at $392,000 after buying an additional 967 shares during the period. Principal Securities Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth about $121,000. Janney Montgomery Scott LLC boosted its stake in shares of Take-Two Interactive Software by 10.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,110 shares of the company’s stock valued at $2,914,000 after purchasing an additional 1,737 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Take-Two Interactive Software by 16.4% in the fourth quarter. Quadrant Capital Group LLC now owns 839 shares of the company’s stock valued at $135,000 after purchasing an additional 118 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Take-Two Interactive Software by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 31,211 shares of the company’s stock valued at $5,023,000 after purchasing an additional 4,006 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Benchmark raised their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $183.55.

Take-Two Interactive Software Trading Down 0.9 %

NASDAQ TTWO opened at $152.18 on Monday. The firm’s fifty day moving average is $151.73 and its two-hundred day moving average is $151.01. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $26.08 billion, a PE ratio of -6.92, a P/E/G ratio of 4.57 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Analysts expect that Take-Two Interactive Software, Inc. will post 1.03 earnings per share for the current year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.37% 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. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.