2,872,278 Shares in Take-Two Interactive Software, Inc. $TTWO Purchased by Norges Bank

Norges Bank acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,872,278 shares of the company’s stock, valued at approximately $735,389,000. Norges Bank owned about 1.55% of Take-Two Interactive Software as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TTWO. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software in the 4th quarter worth about $28,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter worth about $34,000. True Wealth Design LLC increased its holdings in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares during the last quarter. AlphaQuest LLC purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at about $41,000. Finally, Morse Asset Management Inc grew its holdings in Take-Two Interactive Software by 117.3% during the 4th quarter. Morse Asset Management Inc now owns 163 shares of the company’s stock valued at $42,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Take-Two Interactive Software Stock Up 2.9%

Shares of NASDAQ TTWO opened at $224.16 on Friday. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $41.62 billion, a price-to-earnings ratio of -138.37, a PEG ratio of 3.42 and a beta of 0.97. The business has a 50-day moving average of $213.37 and a 200-day moving average of $224.90.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the sale, the insider owned 124,191 shares of the company’s stock, valued at $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director directly owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 133,026 shares of company stock worth $29,057,428 in the last three months. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Company 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.