Handelsbanken Fonder AB Raises Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Handelsbanken Fonder AB boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 36.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,611 shares of the company's stock after purchasing an additional 7,144 shares during the quarter. Handelsbanken Fonder AB's holdings in Take-Two Interactive Software were worth $4,283,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Take-Two Interactive Software by 192.4% during the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company's stock valued at $8,811,000 after acquiring an additional 41,297 shares during the period. Laurion Capital Management LP bought a new position in Take-Two Interactive Software during the 3rd quarter valued at about $17,169,000. United Asset Strategies Inc. bought a new position in Take-Two Interactive Software during the 4th quarter valued at about $1,527,000. Rheos Capital Works Inc. lifted its stake in Take-Two Interactive Software by 380.3% during the 4th quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company's stock valued at $38,419,000 after acquiring an additional 189,000 shares during the period. Finally, Caxton Associates LP lifted its stake in Take-Two Interactive Software by 4,029.8% during the 3rd quarter. Caxton Associates LP now owns 70,000 shares of the company's stock valued at $9,827,000 after acquiring an additional 68,305 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, January 19th. BMO Capital Markets began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They set an "outperform" rating and a $200.00 target price on the stock. Oppenheimer reiterated an "outperform" rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. Finally, Citigroup upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and an average target price of $177.61.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 260 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares of the company's stock, valued at $9,910,799.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael Sheresky sold 260 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares of the company's stock, valued at $9,910,799.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Karl Slatoff sold 90,851 shares of the firm's stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares of the company's stock, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

TTWO traded up $1.04 during trading on Friday, reaching $144.47. 853,150 shares of the company traded hands, compared to its average volume of 1,640,165. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. Take-Two Interactive Software, Inc. has a 12-month low of $119.57 and a 12-month high of $171.59. The firm has a fifty day simple moving average of $147.50 and a 200 day simple moving average of $152.15. The company has a market cap of $24.65 billion, a P/E ratio of -16.89, a PEG ratio of 1.19 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.34 billion. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.