Norges Bank Buys New Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Norges Bank purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,689,517 shares of the company’s stock, valued at approximately $495,086,000.

A number of other hedge funds also recently made changes to their positions in TTWO. NEOS Investment Management LLC increased its stake in Take-Two Interactive Software by 19.9% in the fourth quarter. NEOS Investment Management LLC now owns 17,081 shares of the company’s stock valued at $3,144,000 after acquiring an additional 2,832 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of Take-Two Interactive Software by 1.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 98,569 shares of the company’s stock worth $18,145,000 after buying an additional 1,815 shares in the last quarter. Elo Mutual Pension Insurance Co raised its holdings in shares of Take-Two Interactive Software by 12.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 16,602 shares of the company’s stock worth $3,056,000 after buying an additional 1,835 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at $1,528,000. Finally, Artisan Partners Limited Partnership raised its stake in Take-Two Interactive Software by 32.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 580,816 shares of the company’s stock worth $106,917,000 after acquiring an additional 143,286 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO opened at $210.47 on Friday. The company has a fifty day simple moving average of $203.24 and a 200 day simple moving average of $182.63. 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 stock has a market cap of $37.15 billion, a P/E ratio of -9.87, a P/E/G ratio of 6.83 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $220.93.

Analyst Ratings Changes

TTWO has been the topic of several recent analyst reports. Ascendiant Capital Markets boosted their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. StockNews.com lowered shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus upped their price target on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, DA Davidson assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $213.38.

Take-Two Interactive Software 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.