Nordea Investment Management AB Lowers Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Nordea Investment Management AB cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,158,820 shares of the company’s stock after selling 26,761 shares during the period. Nordea Investment Management AB owned about 0.66% of Take-Two Interactive Software worth $214,440,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Take-Two Interactive Software in the third quarter valued at $27,000. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $31,000. Versant Capital Management Inc boosted its stake in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the second quarter worth about $37,000. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Up 0.1 %

Take-Two Interactive Software stock opened at $188.98 on Tuesday. The stock has a 50 day moving average of $182.17 and a two-hundred day moving average of $163.29. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.14. The stock has a market capitalization of $33.19 billion, a price-to-earnings ratio of -8.93, a PEG ratio of 5.76 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Analysts Set New Price Targets

Several research analysts have commented on TTWO shares. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. UBS Group lifted their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. TD Cowen lifted their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Citigroup increased their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.58.

Take-Two Interactive Software Company Profile

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.