DnB Asset Management AS Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

DnB Asset Management AS raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504,918 shares of the company's stock after purchasing an additional 104,566 shares during the period. Take-Two Interactive Software makes up approximately 1.2% of DnB Asset Management AS's investment portfolio, making the stock its 11th biggest position. DnB Asset Management AS owned 0.86% of Take-Two Interactive Software worth $277,025,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Wealthfront Advisers LLC boosted its stake in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after buying an additional 142,450,266 shares in the last quarter. Norges Bank acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $495,086,000. State Street Corp grew its holdings in shares of Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company's stock valued at $1,675,241,000 after purchasing an additional 880,816 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $115,133,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Take-Two Interactive Software by 10.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company's stock valued at $651,817,000 after acquiring an additional 417,325 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

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Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded up $1.26 during midday trading on Tuesday, reaching $208.51. The company had a trading volume of 639,992 shares, compared to its average volume of 1,595,777. The stock has a market cap of $36.80 billion, a P/E ratio of -9.77, a P/E/G ratio of 6.83 and a beta of 0.82. The company's 50 day moving average price is $203.65 and its 200 day moving average price is $183.42. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $220.93.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTWO. Benchmark restated a "buy" rating and set a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Moffett Nathanson upped their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $215.00 price target on shares of Take-Two Interactive Software in a report on Friday, February 7th. Raymond James restated an "outperform" rating and issued a $220.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, Ascendiant Capital Markets lifted their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $213.38.

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.