ProShare Advisors LLC Increases Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

ProShare Advisors LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 21.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 225,565 shares of the company’s stock after buying an additional 39,915 shares during the quarter. ProShare Advisors LLC’s holdings in Take-Two Interactive Software were worth $41,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake in Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock valued at $51,000 after buying an additional 54 shares during the last quarter. Fifth Third Bancorp raised its stake in Take-Two Interactive Software by 0.3% during the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock valued at $3,157,000 after buying an additional 57 shares during the last quarter. Principal Securities Inc. raised its stake in Take-Two Interactive Software by 6.0% during the 4th quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock valued at $189,000 after buying an additional 58 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Take-Two Interactive Software by 2.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company’s stock valued at $563,000 after buying an additional 61 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Take-Two Interactive Software by 41.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company’s stock worth $45,000 after purchasing an additional 72 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. DA Davidson initiated coverage on Take-Two Interactive Software in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $175.00 to $230.00 in a research note on Monday, January 27th. Finally, StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.67.

Take-Two Interactive Software Stock Up 1.2%

TTWO opened at $232.34 on Friday. The firm has a 50-day simple moving average of $214.44 and a two-hundred day simple moving average of $197.92. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $238.00. The company has a market capitalization of $41.01 billion, a PE ratio of -10.89, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

About Take-Two Interactive Software

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.