Franklin Resources Inc. Purchases 2,420 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Franklin Resources Inc. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,587 shares of the company’s stock after buying an additional 2,420 shares during the quarter. Franklin Resources Inc.’s holdings in Take-Two Interactive Software were worth $2,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Versant Capital Management Inc boosted its stake in Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares in the last quarter. Friedenthal Financial bought a new position in Take-Two Interactive Software in the fourth quarter valued at about $50,000. First Horizon Advisors Inc. raised its stake in Take-Two Interactive Software by 24.2% during the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after acquiring an additional 54 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Take-Two Interactive Software by 36.3% in the 4th quarter. UMB Bank n.a. now owns 327 shares of the company’s stock valued at $60,000 after purchasing an additional 87 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of research analyst reports. DA Davidson initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Oppenheimer upped their price target on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Moffett Nathanson raised their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Ascendiant Capital Markets upped their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.38.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $212.07 on Friday. The firm has a market cap of $37.43 billion, a PE ratio of -9.94, a price-to-earnings-growth ratio of 6.83 and a beta of 1.01. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $220.93. The business’s 50 day moving average price is $207.52 and its two-hundred day moving average price is $187.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83.

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.