Desjardins Global Asset Management Inc. Buys 456 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Desjardins Global Asset Management Inc. raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,931 shares of the company’s stock after acquiring an additional 456 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TTWO. Tectonic Advisors LLC raised its holdings in Take-Two Interactive Software by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after purchasing an additional 69 shares during the period. Drive Wealth Management LLC raised its holdings in Take-Two Interactive Software by 4.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after purchasing an additional 69 shares during the period. Belpointe Asset Management LLC raised its holdings in Take-Two Interactive Software by 3.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock worth $279,000 after purchasing an additional 70 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Take-Two Interactive Software by 14.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after purchasing an additional 70 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Take-Two Interactive Software by 44.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 278 shares of the company’s stock worth $41,000 after purchasing an additional 85 shares during the period. Institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 260 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTWO. Benchmark upped their price target on Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets assumed coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price for the company. Jefferies Financial Group assumed coverage on Take-Two Interactive Software in a report on Monday, April 1st. They set a “buy” rating and a $195.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a report on Monday, April 1st. Finally, Wedbush reissued an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $176.39.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $140.64 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $171.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $148.86 and a 200 day moving average of $152.07.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

About Take-Two Interactive Software

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.