32,000 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by Andra AP fonden

Andra AP fonden purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,000 shares of the company’s stock, valued at approximately $6,320,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at $28,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at $34,000. MV Capital Management Inc. bought a new stake in Take-Two Interactive Software in the 4th quarter worth $34,000. Finally, True Wealth Design LLC grew its holdings in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.22, for a total transaction of $107,610.00. Following the sale, the director owned 22,368 shares of the company’s stock, valued at approximately $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 569,936 shares of company stock worth $128,431,438 over the last quarter. 1.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TTWO. BMO Capital Markets upped their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $294.44.

Take-Two Interactive Software Price Performance

TTWO opened at $233.58 on Thursday. The stock has a fifty day simple moving average of $234.07 and a two-hundred day simple moving average of $222.07. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $43.37 billion, a price-to-earnings ratio of -144.18, a price-to-earnings-growth ratio of 4.53 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

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.