Pictet Asset Management SA grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,245 shares of the company’s stock after purchasing an additional 2,619 shares during the period. Pictet Asset Management SA’s holdings in Take-Two Interactive Software were worth $9,573,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of TTWO. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 1.0% in the first quarter. Vanguard Group Inc. now owns 12,458,920 shares of the company’s stock worth $1,915,435,000 after buying an additional 118,028 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 3,338,907 shares of the company’s stock worth $347,078,000 after acquiring an additional 85,286 shares during the last quarter. Capital World Investors purchased a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $513,164,000. Alyeska Investment Group L.P. grew its holdings in Take-Two Interactive Software by 34.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,493,982 shares of the company’s stock valued at $259,698,000 after purchasing an additional 645,073 shares during the last quarter. Finally, DnB Asset Management AS raised its position in Take-Two Interactive Software by 14.6% in the 1st quarter. DnB Asset Management AS now owns 2,257,131 shares of the company’s stock worth $269,276,000 after purchasing an additional 287,186 shares during the period. Hedge funds and other institutional investors own 90.56% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Take-Two Interactive Software from $120.00 to $155.00 in a research note on Friday, June 2nd. HSBC initiated coverage on Take-Two Interactive Software in a research note on Tuesday, July 25th. They issued a “buy” rating and a $170.00 target price on the stock. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $158.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. Wedbush raised their price target on shares of Take-Two Interactive Software from $130.00 to $154.00 in a research note on Thursday, May 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Take-Two Interactive Software from $150.00 to $165.00 in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $147.68.
Take-Two Interactive Software Trading Up 1.5 %
NASDAQ:TTWO opened at $139.56 on Tuesday. The stock has a market capitalization of $23.70 billion, a price-to-earnings ratio of -19.14, a PEG ratio of 2.68 and a beta of 0.70. Take-Two Interactive Software, Inc. has a 52 week low of $90.00 and a 52 week high of $153.84. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $144.77 and a 200 day moving average of $129.69.
Insider Activity
In other news, Director Michael Sheresky sold 247 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $137.16, for a total transaction of $33,878.52. Following the sale, the director now directly owns 62,935 shares of the company’s stock, valued at $8,632,164.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Strauss Zelnick sold 9,537 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $137.67, for a total transaction of $1,312,958.79. Following the completion of the transaction, the chief executive officer now directly owns 666,147 shares of the company’s stock, valued at approximately $91,708,457.49. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Sheresky sold 247 shares of Take-Two Interactive Software stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $137.16, for a total value of $33,878.52. Following the completion of the sale, the director now owns 62,935 shares in the company, valued at $8,632,164.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,035 shares of company stock worth $2,208,725. Insiders own 1.37% of the company’s stock.
Take-Two Interactive Software Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.
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