Lansforsakringar Fondforvaltning AB publ Has $12.22 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,856 shares of the company’s stock after purchasing an additional 2,916 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Take-Two Interactive Software were worth $12,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after purchasing an additional 45 shares during the last quarter. First Horizon Corp increased its stake in shares of Take-Two Interactive Software by 26.4% in the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the period. Hunter Associates Investment Management LLC increased its stake in shares of Take-Two Interactive Software by 0.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the period. Independence Bank of Kentucky raised its position in shares of Take-Two Interactive Software by 3.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock worth $363,000 after acquiring an additional 50 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Take-Two Interactive Software by 4.5% during the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity

In other news, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the sale, the director directly owned 22,368 shares of the company’s stock, valued at approximately $4,814,040.96. This trade represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 570,015 shares of company stock valued at $128,432,857. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Up 0.1%

NASDAQ TTWO opened at $250.32 on Thursday. The stock has a 50-day simple moving average of $226.06 and a 200 day simple moving average of $222.57. The company has a market capitalization of $46.48 billion, a PE ratio of -154.52, a P/E/G ratio of 4.89 and a beta of 0.96. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTWO. BTIG Research initiated coverage on Take-Two Interactive Software in a report on Wednesday, June 24th. They issued a “buy” rating and a $290.00 price target on the stock. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. BMO Capital Markets raised their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.71.

Take-Two Interactive Software 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.