First Hawaiian Bank Raises Holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

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First Hawaiian Bank boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 46.7% during the 1st quarter, Holdings Channel reports. The firm owned 440 shares of the company’s stock after purchasing an additional 140 shares during the period. First Hawaiian Bank’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $42,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 5.9% in the fourth quarter. American Century Companies Inc. now owns 1,461,429 shares of the company’s stock valued at $150,440,000 after acquiring an additional 80,815 shares in the last quarter. Norges Bank purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at about $108,310,000. FMR LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 8.6% in the fourth quarter. FMR LLC now owns 3,871,977 shares of the company’s stock valued at $398,581,000 after acquiring an additional 307,032 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at about $510,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at about $232,000. 96.56% of the stock is currently owned by institutional investors.

In related news, CEO Strauss Zelnick sold 144,614 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.07% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Robert W. Baird decreased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE to $114.00 and set an “outperform” rating on the stock in a report on Thursday, February 7th. Stephens set a $110.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a report on Tuesday, March 26th. TheStreet raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “c+” rating to a “b+” rating in a report on Wednesday, February 6th. Finally, BMO Capital Markets downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $90.50 to $93.44 in a report on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and an average price target of $133.52.

Shares of TTWO opened at $94.11 on Monday. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 53.78, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Wednesday, February 6th. The company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $1.17. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 139.9% compared to the same quarter last year. Equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current year.

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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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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