Handelsbanken Fonder AB Increases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Handelsbanken Fonder AB raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,148 shares of the company’s stock after acquiring an additional 16,885 shares during the quarter. Handelsbanken Fonder AB’s holdings in Take-Two Interactive Software were worth $9,968,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in Take-Two Interactive Software during the third quarter valued at $31,000. Versant Capital Management Inc increased its holdings in Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares in the last quarter. Catalyst Capital Advisors LLC raised its position 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 acquiring an additional 115 shares during the period. Finally, AM Squared Ltd acquired a new position in shares of Take-Two Interactive Software in the third quarter worth about $46,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the firm’s 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 sale, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $211.65 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s fifty day moving average is $190.64 and its two-hundred day moving average is $173.12. The firm has a market capitalization of $37.36 billion, a P/E ratio of -9.92, a price-to-earnings-growth ratio of 6.83 and a beta of 0.89. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $218.75.

Analyst Ratings Changes

Several equities analysts recently weighed in on TTWO shares. Citigroup lifted their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Stifel Nicolaus raised their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, TD Cowen upped their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $210.55.

Take-Two Interactive Software Company 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.