Swedbank AB Raises Holdings in Take-Two Interactive Software, Inc. $TTWO

Swedbank AB boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,638 shares of the company’s stock after purchasing an additional 9,556 shares during the quarter. Swedbank AB’s holdings in Take-Two Interactive Software were worth $34,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after purchasing an additional 45 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in Take-Two Interactive Software by 28.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after purchasing an additional 46 shares during the last quarter. First Horizon Corp raised its stake in Take-Two Interactive Software by 26.4% in the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares during the last quarter. Westside Investment Management Inc. raised its stake in Take-Two Interactive Software by 10.0% in the 3rd quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock valued at $135,000 after purchasing an additional 48 shares during the last quarter. Finally, Hunter Associates Investment Management LLC raised its stake in Take-Two Interactive Software by 0.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after purchasing an additional 48 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Strauss Zelnick sold 52,054 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the transaction, the chief executive officer owned 178,702 shares of the company’s stock, valued at approximately $38,313,708.80. This represents a 22.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the transaction, the director directly owned 21,525 shares in the company, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,292 shares of company stock worth $13,978,938 in the last quarter. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Up 0.7%

Shares of NASDAQ TTWO opened at $223.50 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $207.43 and its two-hundred day moving average is $227.41. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of -9.99, a PEG ratio of 3.31 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TTWO. UBS Group boosted their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Finally, Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $284.31.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.