SEB Asset Management AB Buys New Stake in Take-Two Interactive Software, Inc. $TTWO

SEB Asset Management AB bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 1st quarter, Holdings Channel reports. The firm bought 43,786 shares of the company’s stock, valued at approximately $8,648,000.

A number of other institutional investors also recently added to or reduced their stakes in TTWO. Norges Bank bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth $735,389,000. AQR Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in 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 purchasing an additional 568,263 shares during the period. Bessemer Group Inc. lifted its holdings in Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the period. Finally, Amundi grew its position in Take-Two Interactive Software by 35.4% in the 4th quarter. Amundi now owns 1,805,852 shares of the company’s stock valued at $462,352,000 after buying an additional 472,383 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $235.93 on Wednesday. The business’s 50-day moving average price is $233.94 and its 200 day moving average price is $222.23. The firm has a market cap of $43.81 billion, a P/E ratio of -145.63, a PEG ratio of 4.58 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

TTWO has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Bank of America increased their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. BMO Capital Markets raised their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, June 15th. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the transaction, the director owned 1,833 shares in the company, valued at approximately $462,887.49. This trade represents a 15.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the transaction, the director directly owned 21,868 shares in the company, valued at $5,349,131.48. This represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 569,936 shares of company stock worth $128,431,438 in the last ninety days. Insiders own 1.34% of the company’s stock.

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.