Swiss Life Asset Management Ltd Has $7.92 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Swiss Life Asset Management Ltd grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,925 shares of the company’s stock after acquiring an additional 2,340 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Take-Two Interactive Software were worth $7,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 166,661 shares during the period. State Street Corp increased its stake in shares of 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 buying an additional 429,083 shares during the period. Ninety One UK Ltd increased its stake in shares of 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 buying an additional 52,881 shares during the period. Northern Trust Corp increased its stake in shares of 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 buying an additional 27,862 shares during the period. Finally, Amundi increased its stake in shares of Take-Two Interactive Software by 46.4% in the third quarter. Amundi now owns 1,333,469 shares of the company’s stock valued at $342,675,000 after buying an additional 422,510 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. UBS Group upped their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley upped their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.31.

Insiders Place Their Bets

In related news, CEO Strauss Zelnick sold 7,946 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the sale, the chief executive officer directly owned 170,756 shares in the company, valued at $36,569,104.96. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 155 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director owned 65,626 shares in the company, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,292 shares of company stock valued at $13,978,938 over the last three months. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $225.99 on Wednesday. The business’s 50 day simple moving average is $208.14 and its 200 day simple moving average is $226.63. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The stock has a market capitalization of $41.85 billion, a PE ratio of -10.10, a PEG ratio of 3.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

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.