Norges Bank Makes New $735.39 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Norges Bank bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,872,278 shares of the company’s stock, valued at approximately $735,389,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TTWO. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after purchasing an additional 166,661 shares during the last quarter. State Street Corp lifted its position in Take-Two Interactive Software by 4.1% in the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after purchasing an additional 429,083 shares during the last quarter. Geode Capital Management LLC lifted its position in Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Ninety One UK Ltd lifted its position in Take-Two Interactive Software by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company’s stock valued at $493,304,000 after purchasing an additional 52,881 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Take-Two Interactive Software by 1.8% in the third quarter. Northern Trust Corp now owns 1,612,323 shares of the company’s stock valued at $416,560,000 after purchasing an additional 27,862 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $224.16 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $41.62 billion, a PE ratio of -138.37, a P/E/G ratio of 3.42 and a beta of 0.97. The business has a 50 day moving average of $213.37 and a 200 day moving average of $224.90. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79.

Analyst Ratings Changes

Several brokerages have weighed in on TTWO. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $287.53.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $415,320. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the transaction, the director owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 133,026 shares of company stock worth $29,057,428 in the last ninety days. Insiders own 1.34% of the company’s stock.

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.