Avanza Fonder AB Has $3.21 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Avanza Fonder AB grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,415 shares of the company’s stock after acquiring an additional 2,474 shares during the period. Avanza Fonder AB’s holdings in Take-Two Interactive Software were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. ORG Partners LLC lifted its stake in shares of Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after acquiring an additional 59 shares during the period. Blue Trust Inc. increased its position in Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 53 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at about $27,000. 1 North Wealth Services LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $29,000. Finally, Game Plan Financial Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $31,000. 95.46% of the stock is owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the transaction, the director owned 2,716 shares in the company, valued at $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the sale, the director owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,007 shares of company stock worth $247,095. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Up 1.8%

TTWO stock opened at $256.09 on Friday. The company has a market capitalization of $47.32 billion, a PE ratio of -11.34, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 52 week low of $177.35 and a 52 week high of $264.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The company’s 50-day simple moving average is $246.62 and its 200 day simple moving average is $242.23.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company’s revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the company earned ($2.08) EPS. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of analyst reports. Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Wall Street Zen lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. B. Riley began coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price objective for the company. Finally, UBS Group downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Twenty investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $266.33.

Take-Two Interactive Software Profile

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.