Forsta AP Fonden Increases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Forsta AP Fonden increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,900 shares of the company's stock after acquiring an additional 1,900 shares during the quarter. Forsta AP Fonden's holdings in Take-Two Interactive Software were worth $6,608,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTWO. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software in the third quarter valued at $27,000. Versant Capital Management Inc grew its stake in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after buying an additional 87 shares during the period. Truvestments Capital LLC bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $31,000. Friedenthal Financial acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $50,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock worth $43,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Ratings Changes

TTWO has been the topic of a number of research reports. Morgan Stanley upped their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Stifel Nicolaus raised 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 note on Tuesday, January 21st. Oppenheimer boosted their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. TD Cowen raised their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Citigroup boosted their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Two 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.06.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded down $2.53 during trading hours on Tuesday, hitting $183.54. 1,660,391 shares of the company were exchanged, compared to its average volume of 1,554,861. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of -8.67, a P/E/G ratio of 5.76 and a beta of 0.89. The firm has a fifty day simple moving average of $185.60 and a 200 day simple moving average of $167.87. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $192.50.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares of the company's stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

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.