DNB Asset Management AS Has $12.42 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

DNB Asset Management AS decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 48,062 shares of the company’s stock after selling 6,715 shares during the period. DNB Asset Management AS’s holdings in Take-Two Interactive Software were worth $12,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TTWO. Pilgrim Partners Asia Pte Ltd bought a new stake in Take-Two Interactive Software in the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $29,000. NewSquare Capital LLC increased its stake in shares of Take-Two Interactive Software by 55.3% in the 2nd quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock valued at $35,000 after acquiring an additional 52 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Down 0.8%

Shares of TTWO stock opened at $211.48 on Friday. The firm has a fifty day moving average of $229.58 and a 200-day moving average of $240.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. The company has a market capitalization of $39.16 billion, a price-to-earnings ratio of -9.45, a P/E/G ratio of 8.66 and a beta of 0.92.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the sale, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 982 shares of company stock valued at $214,412. Corporate insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TTWO shares. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research report on Monday, December 1st. Wells Fargo & Company increased their target price on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a report on Tuesday, February 10th. Finally, Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.94.

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.