Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 16,900 Shares of Take-Two Interactive Software, Inc. $TTWO

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 61.7% during the first quarter, Holdings Channel reports. The institutional investor owned 44,269 shares of the company’s stock after buying an additional 16,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Take-Two Interactive Software were worth $8,743,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TTWO. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter worth $28,000. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the fourth quarter worth $34,000. MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter worth $34,000. Finally, True Wealth Design LLC increased its position in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $254.99 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The company has a market cap of $47.34 billion, a PE ratio of -157.40, a P/E/G ratio of 4.99 and a beta of 0.96. The company’s 50 day moving average is $227.54 and its two-hundred day moving average is $222.89.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. BMO Capital Markets boosted their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. BTIG Research reiterated a “buy” rating and issued a $293.00 price target on shares of Take-Two Interactive Software in a research note on Thursday. Finally, DA Davidson reiterated 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. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.88.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 570,015 shares of company stock valued at $128,432,857. Company insiders own 1.34% of the company’s stock.

About Take-Two Interactive Software

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.