DnB Asset Management AS Acquires 104,566 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

DnB Asset Management AS increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,504,918 shares of the company’s stock after buying an additional 104,566 shares during the quarter. Take-Two Interactive Software makes up approximately 1.2% of DnB Asset Management AS’s portfolio, making the stock its 11th largest holding. DnB Asset Management AS’s holdings in Take-Two Interactive Software were worth $277,025,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at approximately $27,000. Assetmark Inc. raised its position in Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the period. Versant Capital Management Inc lifted its position in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares during the period. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth about $31,000. Finally, Friedenthal Financial bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $50,000. 95.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Ascendiant Capital Markets raised their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Moffett Nathanson lifted their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Oppenheimer lifted their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their target price on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $213.38.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $214.29 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $220.93. The firm’s 50-day simple moving average is $202.75 and its two-hundred day simple moving average is $182.25. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a market cap of $37.82 billion, a PE ratio of -10.05, a price-to-earnings-growth ratio of 6.83 and a beta of 0.82.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.