Varma Mutual Pension Insurance Co Buys Shares of 50,400 Take-Two Interactive Software, Inc. $TTWO

Varma Mutual Pension Insurance Co bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, Holdings Channel reports. The firm bought 50,400 shares of the company’s stock, valued at approximately $12,904,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TTWO. Vanguard Group Inc. boosted its holdings in Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after purchasing an additional 932,659 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at about $112,847,000. State Street Corp boosted its holdings in Take-Two Interactive Software by 4.1% in the 3rd quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after purchasing an additional 429,083 shares during the last quarter. Amundi boosted its holdings in Take-Two Interactive Software by 46.4% in the 3rd quarter. Amundi now owns 1,333,469 shares of the company’s stock valued at $342,675,000 after purchasing an additional 422,510 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Take-Two Interactive Software by 5,247.7% in the 4th quarter. M&T Bank Corp now owns 321,023 shares of the company’s stock valued at $82,192,000 after purchasing an additional 315,020 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TTWO shares. DA Davidson restated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Finally, UBS Group upped their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,390 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director directly owned 21,525 shares in the company, valued at $4,586,762.25. This represents a 6.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the sale, the insider owned 125,001 shares in the company, valued at approximately $26,702,713.62. This trade represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,292 shares of company stock worth $13,978,938. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $225.18 on Tuesday. The firm’s 50 day moving average price is $206.04 and its 200-day moving average price is $228.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The firm has a market cap of $41.70 billion, a P/E ratio of -10.06, a P/E/G ratio of 3.23 and a beta of 0.97.

About Take-Two Interactive Software

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.