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

Handelsbanken Fonder AB increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,148 shares of the company’s stock after acquiring an additional 16,885 shares during the quarter. Handelsbanken Fonder AB’s holdings in Take-Two Interactive Software were worth $9,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swiss National Bank lifted its position in shares of Take-Two Interactive Software by 2.7% in the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after purchasing an additional 13,200 shares during the period. CIBC Asset Management Inc raised its stake in Take-Two Interactive Software by 9.1% in the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after buying an additional 4,456 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter worth $734,000. Paloma Partners Management Co bought a new stake in Take-Two Interactive Software during the 3rd quarter valued at $20,290,000. Finally, Legacy Trust increased its holdings in shares of Take-Two Interactive Software by 8.9% in the 4th quarter. Legacy Trust now owns 25,772 shares of the company’s stock valued at $4,744,000 after acquiring an additional 2,115 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.45% of the stock is currently owned by insiders.

Take-Two Interactive Software Trading Down 1.7 %

Take-Two Interactive Software stock opened at $211.65 on Friday. The stock has a 50-day moving average price of $190.64 and a 200 day moving average price of $173.12. The company has a market capitalization of $37.36 billion, a price-to-earnings ratio of -9.92, a price-to-earnings-growth ratio of 6.83 and a beta of 0.89. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $218.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen upped their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Wedbush reiterated an “outperform” rating and issued a $215.00 target price on shares of Take-Two Interactive Software in a report on Friday, February 7th. Raymond James restated an “outperform” rating and issued a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Benchmark reissued a “buy” rating and set a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $210.55.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.