Varma Mutual Pension Insurance Co Takes Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Varma Mutual Pension Insurance Co acquired a new stake of 50,400 shares in Take-Two (NASDAQ:TTWO) in Q4, valued at approximately $12.9 million.
• Institutional ownership is very high at 95.46%, while insiders have sold 65,292 shares worth about $13.98 million in the past 90 days, leaving insiders with 1.34% ownership.
• Shares opened at $225.18 with a market cap of $41.7 billion and a negative P/E; analysts have a consensus rating of Moderate Buy and an average price target of $284.31.

Varma Mutual Pension Insurance Co acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,400 shares of the company's stock, valued at approximately $12,904,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company's stock worth $50,000 after purchasing an additional 45 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of 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 purchasing an additional 46 shares in the last quarter. First Horizon Corp increased its stake in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company's stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Take-Two Interactive Software by 10.0% during the third quarter. Westside Investment Management Inc. now owns 526 shares of the company's stock worth $135,000 after purchasing an additional 48 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its stake in shares of Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company's stock worth $2,761,000 after purchasing an additional 48 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 4.2%

Shares of NASDAQ TTWO opened at $225.18 on Tuesday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The stock has a market cap of $41.70 billion, a PE ratio of -10.06, a P/E/G ratio of 3.23 and a beta of 0.97. 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 company has a 50-day moving average of $206.04 and a 200 day moving average of $228.21.

Analyst Ratings Changes

TTWO has been the subject of a number of research reports. Zacks Research cut shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Wedbush reissued an "outperform" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. DA Davidson reissued a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Finally, Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average price target of $284.31.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 413 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the sale, the director owned 2,000 shares of the company's stock, valued at approximately $415,320. This represents a 17.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Sheresky sold 155 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the sale, the director directly owned 65,626 shares of the company's stock, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,292 shares of company stock worth $13,978,938 in the last 90 days. 1.34% of the stock is 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.

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.