KLP Kapitalforvaltning AS Acquires Shares of 57,600 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

KLP Kapitalforvaltning AS bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,600 shares of the company’s stock, valued at approximately $10,603,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealthfront Advisers LLC increased its stake in Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after acquiring an additional 142,450,266 shares during the period. State Street Corp increased its position in shares of Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Take-Two Interactive Software by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after purchasing an additional 417,325 shares in the last quarter. Geode Capital Management LLC lifted its position in Take-Two Interactive Software by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after purchasing an additional 134,767 shares during the period. Finally, Ninety One UK Ltd grew its stake in Take-Two Interactive Software by 1.4% during the fourth quarter. Ninety One UK Ltd now owns 1,522,111 shares of the company’s stock worth $280,190,000 after buying an additional 21,470 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $213.51 on Tuesday. The stock has a market capitalization of $37.68 billion, a PE ratio of -10.01, a PEG ratio of 6.83 and a beta of 0.82. The business’s 50 day simple moving average is $200.69 and its 200 day simple moving average is $181.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $218.75.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTWO. StockNews.com downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Oppenheimer upped their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Moffett Nathanson boosted their price target on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. DA Davidson began coverage on Take-Two Interactive Software in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, Raymond James reissued an “outperform” rating and issued a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $213.38.

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.