Nordea Investment Management AB lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,158,820 shares of the company's stock after selling 26,761 shares during the quarter. Nordea Investment Management AB owned 0.66% of Take-Two Interactive Software worth $214,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth $27,000. Versant Capital Management Inc grew its stake in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after purchasing an additional 87 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $31,000. HHM Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $37,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of 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 buying an additional 115 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the business'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 sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 1.45% of the company's stock.
Analyst Upgrades and Downgrades
TTWO has been the subject of a number of research reports. Citigroup upped their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. StockNews.com raised Take-Two Interactive Software from a "sell" rating to a "hold" rating in a report on Friday, December 6th. UBS Group lifted their target price on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Roth Mkm lifted their price objective on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.58.
View Our Latest Stock Analysis on TTWO
Take-Two Interactive Software Price Performance
Shares of NASDAQ:TTWO traded down $7.23 during mid-day trading on Tuesday, reaching $181.75. The stock had a trading volume of 2,250,796 shares, compared to its average volume of 1,593,695. The business's 50 day moving average price is $182.56 and its 200 day moving average price is $163.46. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $192.14. The company has a market cap of $31.92 billion, a P/E ratio of -8.59, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.
About Take-Two Interactive Software
(
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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