Forsta AP Fonden Has $4.73 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Forsta AP Fonden reduced its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,400 shares of the company’s stock after selling 5,100 shares during the quarter. Forsta AP Fonden’s holdings in Take-Two Interactive Software were worth $4,727,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TTWO. Private Advisor Group LLC raised its stake in Take-Two Interactive Software by 66.0% during the 4th quarter. Private Advisor Group LLC now owns 2,432 shares of the company’s stock valued at $392,000 after purchasing an additional 967 shares during the period. Principal Securities Inc. purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $121,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Take-Two Interactive Software by 9.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,985 shares of the company’s stock valued at $1,446,000 after acquiring an additional 743 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Take-Two Interactive Software by 10.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,110 shares of the company’s stock valued at $2,914,000 after acquiring an additional 1,737 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Take-Two Interactive Software by 16.4% during the 4th quarter. Quadrant Capital Group LLC now owns 839 shares of the company’s stock valued at $135,000 after acquiring an additional 118 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on TTWO. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Finally, Bank of America reiterated a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $183.55.

Take-Two Interactive Software Trading Down 0.9 %

Shares of NASDAQ:TTWO opened at $152.18 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day moving average is $151.73 and its 200-day moving average is $150.99. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59. The company has a market cap of $26.67 billion, a P/E ratio of -6.92, a P/E/G ratio of 4.57 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Equities research analysts predict that Take-Two Interactive Software, Inc. will post 1.03 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.