Tredje AP fonden Lowers Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Tredje AP fonden reduced its stake in Take-Two Interactive Software by 4.8%, selling 5,647 shares, and now owns approximately 0.06% of the company, valued at $23,334,000.
• Institutional investors own 95.46% of Take-Two Interactive's stock, with several hedge funds increasing their stakes in the company in the last quarter.
• Analyst ratings for Take-Two Interactive Software are mixed, with 19 buy ratings, one hold, and one sell, leading to a consensus target price of $234.05.

Tredje AP fonden decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,588 shares of the company's stock after selling 5,647 shares during the period. Tredje AP fonden owned 0.06% of Take-Two Interactive Software worth $23,334,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Park Square Financial Group LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $28,000. North Capital Inc. acquired a new position in Take-Two Interactive Software during the 1st quarter worth approximately $35,000. Graybill Wealth Management LTD. acquired a new position in Take-Two Interactive Software during the 1st quarter worth approximately $37,000. Cullen Frost Bankers Inc. raised its stake in Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares during the period. Finally, Global Financial Private Client LLC raised its stake in Take-Two Interactive Software by 50.0% during the 1st quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after buying an additional 79 shares during the period. Institutional investors own 95.46% of the company's stock.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the transaction, the director directly owned 3,290 shares of the company's stock, valued at $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the president directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock valued at $104,014,443 over the last three months. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock traded down $2.15 during trading hours on Friday, reaching $220.58. The company had a trading volume of 1,396,310 shares, compared to its average volume of 1,658,162. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.07. The business has a fifty day simple moving average of $233.70 and a 200 day simple moving average of $217.68. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $40.69 billion, a PE ratio of -8.69, a price-to-earnings-growth ratio of 5.72 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TTWO shares. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Wedbush raised Take-Two Interactive Software to a "strong-buy" rating in a research note on Tuesday, July 1st. Wells Fargo & Company initiated coverage on Take-Two Interactive Software in a research note on Monday. They issued an "overweight" rating and a $265.00 price objective for the company. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Finally, Robert W. Baird increased their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.