Norges Bank bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,689,517 shares of the company's stock, valued at approximately $495,086,000. Norges Bank owned about 1.53% of Take-Two Interactive Software at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TTWO. Cerity Partners LLC raised its holdings in Take-Two Interactive Software by 35.3% during the 3rd quarter. Cerity Partners LLC now owns 7,556 shares of the company's stock worth $1,161,000 after buying an additional 1,973 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $31,000. Bank of Montreal Can lifted its position in shares of Take-Two Interactive Software by 31.0% in the 3rd quarter. Bank of Montreal Can now owns 260,712 shares of the company's stock valued at $39,902,000 after acquiring an additional 61,731 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Take-Two Interactive Software by 1.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 98,134 shares of the company's stock worth $15,084,000 after purchasing an additional 1,339 shares during the period. Finally, D.A. Davidson & CO. grew its position in Take-Two Interactive Software by 2.4% during the 3rd quarter. D.A. Davidson & CO. now owns 9,778 shares of the company's stock worth $1,503,000 after purchasing an additional 233 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. StockNews.com lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Wedbush reissued an "outperform" rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Citigroup lifted their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group increased their price target on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $213.38.
Read Our Latest Analysis on TTWO
Take-Two Interactive Software Stock Performance
Shares of NASDAQ TTWO traded up $1.49 during trading hours on Wednesday, hitting $211.62. 591,909 shares of the stock were exchanged, compared to its average volume of 1,597,063. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $220.93. The company's 50 day moving average is $204.15 and its 200 day moving average is $183.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $37.35 billion, a P/E ratio of -9.92, a P/E/G ratio of 6.83 and a beta of 0.82.
Take-Two Interactive Software Company Profile
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Free Report)
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.
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