Skandinaviska Enskilda Banken AB publ Raises Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Skandinaviska Enskilda Banken AB publ grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 67,500 shares of the company’s stock after buying an additional 700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Take-Two Interactive Software were worth $10,497,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. ORG Partners LLC grew its position in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after buying an additional 166 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares during the period. Crewe Advisors LLC raised its holdings in Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Connectus Wealth LLC lifted its position in Take-Two Interactive Software by 903.8% in the fourth quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock valued at $31,000 after purchasing an additional 173,308 shares during the period. Finally, UMB Bank n.a. lifted its position in Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTWO. Morgan Stanley increased their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Benchmark raised their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Bank of America reaffirmed a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Jefferies Financial Group raised their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

Take-Two Interactive Software Trading Down 3.2 %

Shares of Take-Two Interactive Software stock opened at $148.78 on Friday. The firm has a market cap of $25.50 billion, a PE ratio of -6.77, a P/E/G ratio of 4.43 and a beta of 0.86. The business’s fifty day moving average is $151.85 and its two-hundred day moving average is $151.17. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software 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.