Swiss Life Asset Management Ltd Acquires 2,340 Shares of Take-Two Interactive Software, Inc. $TTWO

Swiss Life Asset Management Ltd grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,925 shares of the company’s stock after buying an additional 2,340 shares during the period. Swiss Life Asset Management Ltd’s holdings in Take-Two Interactive Software were worth $7,918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTWO. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after buying an additional 93 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 7,946 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the completion of the sale, the chief executive officer directly owned 170,756 shares of the company’s stock, valued at $36,569,104.96. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the sale, the director directly owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,292 shares of company stock worth $13,978,938 in the last three months. 1.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTWO shares. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. UBS Group increased their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a report on Tuesday, February 10th. Finally, Morgan Stanley increased their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on 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 Trading Up 2.0%

NASDAQ TTWO opened at $225.99 on Wednesday. The firm has a market capitalization of $41.85 billion, a P/E ratio of -10.10, a PEG ratio of 3.31 and a beta of 0.97. The business has a fifty day simple moving average of $208.14 and a 200 day simple moving average of $226.63. 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 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71.

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.