Dai ichi Life Insurance Company Ltd Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,329 shares of the company’s stock, valued at approximately $207,000.

A number of other large investors have also recently made changes to their positions in TTWO. Pin Oak Investment Advisors Inc. boosted its holdings in Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after buying an additional 166 shares during the period. Crewe Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after buying an additional 143 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the second quarter worth $37,000. 95.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TTWO shares. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target on the stock. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, August 12th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $183.55.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.37% of the stock is owned by insiders.

Take-Two Interactive Software Stock Up 0.2 %

Shares of NASDAQ:TTWO opened at $152.45 on Tuesday. The company has a market cap of $26.13 billion, a price-to-earnings ratio of -6.94, a PEG ratio of 4.57 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $151.74 and a 200 day moving average price of $151.05.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 1.03 earnings per share for the current year.

Take-Two Interactive Software 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.