Nordea Investment Management AB Sells 123,514 Shares of Take-Two Interactive Software, Inc. $TTWO

Nordea Investment Management AB lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 603,705 shares of the company’s stock after selling 123,514 shares during the period. Nordea Investment Management AB owned 0.33% of Take-Two Interactive Software worth $156,003,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $731,047,000. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after purchasing an additional 903,385 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Take-Two Interactive Software by 107.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,001,531 shares of the company’s stock worth $243,222,000 after buying an additional 519,518 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after buying an additional 515,484 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Take-Two Interactive Software by 39.8% in the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock valued at $371,558,000 after buying an additional 410,097 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $247.49 on Wednesday. Take-Two Interactive Software, Inc. has a 52 week low of $178.65 and a 52 week high of $264.79. The company’s 50 day moving average price is $246.27 and its two-hundred day moving average price is $243.61. The stock has a market cap of $45.73 billion, a P/E ratio of -10.96, a P/E/G ratio of 3.97 and a beta of 0.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the business posted ($2.08) earnings per share. On average, equities analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the transaction, the director directly owned 2,716 shares in the company, valued at $640,840.20. This trade represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TTWO shares. Wall Street Zen downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Morgan Stanley increased their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday. CICC Research began coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price on the stock. Finally, UBS Group downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Twenty research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.57.

Take-Two Interactive Software Company Profile

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.