Nordea Investment Management AB Reduces Stock Position in Take-Two Interactive Software, Inc. $TTWO

Nordea Investment Management AB cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 498,726 shares of the company’s stock after selling 104,979 shares during the period. Nordea Investment Management AB’s holdings in Take-Two Interactive Software were worth $127,823,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Compass Wealth Management LLC purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at $3,419,000. AGF Management Ltd. boosted its stake in shares of Take-Two Interactive Software by 33.1% in the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock worth $18,816,000 after buying an additional 18,119 shares during the last quarter. M&G PLC purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth $12,465,000. Bank of New York Mellon Corp grew its holdings in shares of Take-Two Interactive Software by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock worth $264,692,000 after acquiring an additional 18,959 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Take-Two Interactive Software in the third quarter worth $10,948,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. UBS Group increased their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $284.44.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the transaction, the director directly owned 65,626 shares in the company, valued at approximately $12,779,350.98. The trade was a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 65,293 shares of company stock valued at $13,994,803. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $200.63 on Monday. The business’s fifty day moving average is $216.35 and its 200 day moving average is $237.85. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $37.15 billion, a PE ratio of -8.96, a price-to-earnings-growth ratio of 8.22 and a beta of 0.94.

Take-Two Interactive Software Company 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.