Skandinaviska Enskilda Banken AB publ Has $10.84 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Skandinaviska Enskilda Banken AB has reduced its stake in Take-Two Interactive by 22.5%, currently holding 52,310 shares valued at approximately $10.84 million.
• Several institutional investors have increased their holdings in the company, with Cullen Frost Bankers Inc. notably boosting its stake by 46.0%.
• Analyst ratings for Take-Two are mostly positive, with the stock receiving eighteen buy ratings and a consensus price target rising to $232.50.

Skandinaviska Enskilda Banken AB publ lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 22.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,310 shares of the company's stock after selling 15,190 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Take-Two Interactive Software were worth $10,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Equitable Trust Co. acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $285,000. Freemont Management S.A. acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $3,793,000. Avantax Advisory Services Inc. grew its holdings in Take-Two Interactive Software by 25.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,696 shares of the company's stock valued at $766,000 after buying an additional 750 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in Take-Two Interactive Software by 1.7% during the first quarter. KLP Kapitalforvaltning AS now owns 58,600 shares of the company's stock worth $12,145,000 after buying an additional 1,000 shares in the last quarter. Finally, VCI Wealth Management LLC acquired a new stake in Take-Two Interactive Software during the first quarter worth about $893,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total transaction of $98,449.20. Following the transaction, the director owned 3,290 shares of the company's stock, valued at approximately $782,362. This represents a 11.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider directly owned 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 in the last quarter. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO traded up $1.42 on Wednesday, hitting $225.40. The company's stock had a trading volume of 294,412 shares, compared to its average volume of 2,023,732. The company has a market capitalization of $39.99 billion, a PE ratio of -8.87, a PEG ratio of 5.88 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.07. The company has a 50 day moving average price of $233.91 and a 200 day moving average price of $217.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TTWO shares. Robert W. Baird lifted their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Raymond James Financial reissued an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Benchmark lifted their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Morgan Stanley lifted their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $234.05.

Take-Two Interactive Software 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.