Avanza Fonder AB Takes $2.45 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Avanza Fonder AB bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,301 shares of the company's stock, valued at approximately $2,448,000.

Several other large investors have also modified their holdings of TTWO. Mercer Global Advisors Inc. ADV increased its holdings in shares of Take-Two Interactive Software by 16.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,722 shares of the company's stock worth $1,356,000 after buying an additional 1,239 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Take-Two Interactive Software by 10.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,645 shares of the company's stock worth $411,000 after acquiring an additional 247 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Take-Two Interactive Software by 34.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,488 shares of the company's stock worth $1,924,000 after purchasing an additional 3,231 shares during the period. AE Wealth Management LLC lifted its stake in shares of Take-Two Interactive Software by 25.1% in the 2nd quarter. AE Wealth Management LLC now owns 14,026 shares of the company's stock valued at $2,181,000 after purchasing an additional 2,815 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Take-Two Interactive Software by 1.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 67,500 shares of the company's stock valued at $10,497,000 after purchasing an additional 700 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction 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 sale, the insider now owns 149,379 shares of the company's stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company's stock, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TTWO. Citigroup increased their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Wedbush reissued an "outperform" rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Roth Mkm upped their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. 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 stock. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average target price of $197.58.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded up $3.04 during trading hours on Friday, reaching $186.41. 1,443,673 shares of the company's stock traded hands, compared to its average volume of 1,295,021. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.14. The business's fifty day simple moving average is $184.90 and its two-hundred day simple moving average is $164.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $32.74 billion, a price-to-earnings ratio of -8.81, a P/E/G ratio of 5.55 and a beta of 0.89.

Take-Two Interactive Software 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.