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

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

Several other large investors also recently made changes to their positions in TTWO. PNC Financial Services Group Inc. increased its holdings in Take-Two Interactive Software by 7.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,649 shares of the company’s stock worth $3,328,000 after purchasing an additional 1,413 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Take-Two Interactive Software by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,013,398 shares of the company’s stock worth $155,769,000 after buying an additional 40,710 shares during the period. Cerity Partners LLC grew its holdings in shares of Take-Two Interactive Software by 35.3% during the third quarter. Cerity Partners LLC now owns 7,556 shares of the company’s stock worth $1,161,000 after buying an additional 1,973 shares in the last quarter. Kingsview Wealth Management LLC raised its position in Take-Two Interactive Software by 3.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,963 shares of the company’s stock valued at $763,000 after buying an additional 155 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Take-Two Interactive Software by 3.1% in the 3rd quarter. Penserra Capital Management LLC now owns 17,538 shares of the company’s stock valued at $2,694,000 after acquiring an additional 523 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $213.51 on Tuesday. The company has a market capitalization of $37.68 billion, a price-to-earnings ratio of -10.01, a PEG ratio of 6.83 and a beta of 0.82. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $218.75. The stock’s 50 day moving average is $200.69 and its 200-day moving average is $181.36.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James reaffirmed an “outperform” rating and set a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price target for the company from $175.00 to $230.00 in a research note on Monday, January 27th. BMO Capital Markets restated an “outperform” rating and set a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Ascendiant Capital Markets lifted their target price on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Stifel Nicolaus increased their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.