Lansforsakringar Fondforvaltning AB publ Has $12.22 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,856 shares of the company’s stock after purchasing an additional 2,916 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Take-Two Interactive Software were worth $12,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $735,389,000. AQR Capital Management LLC grew its stake in shares of Take-Two Interactive Software by 162.1% in the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after acquiring an additional 568,263 shares during the last quarter. Bessemer Group Inc. increased its position in Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after acquiring an additional 505,000 shares during the period. Finally, Amundi increased its position in Take-Two Interactive Software by 35.4% during the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after acquiring an additional 472,383 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $250.32 on Thursday. 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 stock has a market capitalization of $46.48 billion, a price-to-earnings ratio of -154.52, a P/E/G ratio of 4.89 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The firm’s 50-day moving average price is $226.06 and its two-hundred day moving average price is $222.57.

Insider Buying and Selling at Take-Two Interactive Software

In related news, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the sale, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Take-Two Interactive Software 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 owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 570,015 shares of company stock worth $128,432,857 over the last 90 days. Company insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, June 15th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. BTIG Research initiated coverage on shares of Take-Two Interactive Software in a research note on Wednesday, June 24th. They issued a “buy” rating and a $290.00 target price for the company. Finally, Bank of America lifted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $292.71.

Take-Two Interactive Software 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.