Danske Bank A S Buys 12,141 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Danske Bank A/S increased its stake in Take-Two by 11%, buying 12,141 shares to own 122,514 shares worth about $31.37 million at quarter-end.
• Institutional ownership is very high at 95.46%, while insiders have sold 65,292 shares (about $13.98 million) in the last 90 days and now own 1.34% of the company.
• Analyst sentiment is generally positive — consensus rating "Moderate Buy" with a $284.31 target, and several firms (UBS, Wedbush, Morgan Stanley) holding buy/overweight views with targets near $280–$300.

Danske Bank A S boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,514 shares of the company's stock after purchasing an additional 12,141 shares during the quarter. Danske Bank A S owned about 0.07% of Take-Two Interactive Software worth $31,367,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Take-Two Interactive Software during the first quarter worth approximately $425,000. Empowered Funds LLC lifted its holdings in shares of Take-Two Interactive Software by 13.2% during the first quarter. Empowered Funds LLC now owns 3,322 shares of the company's stock worth $688,000 after buying an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock worth $63,000 after buying an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $2,747,000. Finally, Jump Financial LLC lifted its holdings in shares of Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company's stock worth $1,728,000 after buying an additional 3,650 shares during the last quarter. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $216.03 on Friday. The business has a fifty day simple moving average of $206.04 and a 200 day simple moving average of $228.61. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of -9.65, a PEG ratio of 3.19 and a beta of 0.97. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Wedbush reiterated an "outperform" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. UBS Group upped their price target 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. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, Morgan Stanley upped their price target 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 research analyst has rated the stock with a Strong Buy rating, sixteen have assigned 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, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.31.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,390 shares of the company's stock in a transaction 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 transaction, the director directly owned 21,525 shares in the company, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of the company's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the transaction, the insider owned 125,001 shares of the company's stock, valued at $26,702,713.62. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,292 shares of company stock valued at $13,978,938 in the last ninety days. 1.34% of the stock is currently owned by insiders.

About Take-Two Interactive Software

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.

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