Nordea Investment Management AB Reduces Stock Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Nordea Investment Management cut its stake in Take-Two by 17.4% in Q4, selling 104,979 shares and now holds 498,726 shares valued at about $127.8 million (0.27% of the company).
• Company insiders have been net sellers—including CEO Strauss Zelnick's sale of 7,946 shares—with insiders offloading 65,293 shares worth about $14.0 million last quarter and now owning 1.34% of the stock.
• Analysts give Take-Two a consensus rating of "Moderate Buy" with an average target of $284.44, while the stock trades near $200.63 (market cap ~$37.15B) and shows a negative P/E of -8.96.

Nordea Investment Management AB lessened its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 498,726 shares of the company's stock after selling 104,979 shares during the period. Nordea Investment Management AB owned 0.27% of Take-Two Interactive Software worth $127,823,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of Take-Two Interactive Software by 27.1% in the third quarter. Private Trust Co. NA now owns 183 shares of the company's stock worth $47,000 after purchasing an additional 39 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of Take-Two Interactive Software by 0.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company's stock worth $1,996,000 after buying an additional 39 shares during the period. Mather Group LLC. lifted its position in Take-Two Interactive Software by 2.7% during the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company's stock valued at $383,000 after acquiring an additional 39 shares during the period. Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock worth $39,000 after acquiring an additional 45 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in Take-Two Interactive Software by 28.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company's stock worth $54,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $200.63 on Monday. The firm has a market cap of $37.15 billion, a P/E ratio of -8.96, a PEG ratio of 8.22 and a beta of 0.94. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79. 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 company has a 50 day moving average of $216.35 and a 200 day moving average of $237.85.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTWO. Benchmark restated a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $301.00 to $295.00 and set an "overweight" rating for the company in a research note on Wednesday, March 4th. Zacks Research downgraded Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Raymond James Financial raised 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 research note on Tuesday, February 10th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average target price of $284.44.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 155 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the transaction, the director directly owned 65,626 shares of the company's stock, valued at $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 7,946 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer directly owned 170,756 shares in the company, valued at approximately $36,569,104.96. The trade was a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 65,293 shares of company stock worth $13,994,803. 1.34% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.