DNB Asset Management AS Sells 12,392 Shares of Take-Two Interactive Software, Inc. $TTWO

DNB Asset Management AS lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.8% in the 4th quarter, Holdings Channel reports. The firm owned 35,670 shares of the company’s stock after selling 12,392 shares during the quarter. DNB Asset Management AS’s holdings in Take-Two Interactive Software were worth $9,133,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd bought a new stake in Take-Two Interactive Software in the third quarter worth about $26,000. GHP Investment Advisors Inc. bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $28,000. Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $34,000. True Wealth Design LLC lifted its stake in Take-Two Interactive Software by 91.9% in 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 during the last quarter. Finally, Root Financial Partners LLC bought a new stake in Take-Two Interactive Software in the third quarter worth about $40,000. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TTWO shares. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wells Fargo & Company decreased their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.93.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $242.16 on Tuesday. The company has a 50 day moving average price of $210.04 and a 200-day moving average price of $226.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The company has a market capitalization of $44.84 billion, a PE ratio of -10.82, a P/E/G ratio of 3.62 and a beta of 0.97.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $415,320. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,292 shares of company stock valued at $13,978,938 over the last quarter. 1.34% of the stock is owned by insiders.

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.