Central Pacific Bank Trust Division Reduces Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Central Pacific Bank Trust Division decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,722 shares of the company’s stock after selling 440 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Take-Two Interactive Software were worth $869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Take-Two Interactive Software during the third quarter worth $27,000. Truvestments Capital LLC purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter worth about $31,000. Versant Capital Management Inc grew its stake in Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after acquiring an additional 87 shares during the last quarter. HHM Wealth Advisors LLC purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at about $37,000. Finally, Catalyst Capital Advisors LLC raised its position in Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen raised their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer lifted their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $197.58.

Take-Two Interactive Software Trading Up 3.1 %

Shares of TTWO stock opened at $188.75 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $191.91. The firm’s 50 day moving average price is $181.61 and its two-hundred day moving average price is $162.95. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of -8.92, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% 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. 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.