Swiss National Bank Sells 7,100 Shares of Take-Two Interactive Software, Inc. $TTWO

Swiss National Bank reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,208 shares of the company’s stock after selling 7,100 shares during the period. Swiss National Bank owned 0.29% of Take-Two Interactive Software worth $136,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TTWO. WINTON GROUP Ltd boosted its holdings in shares of Take-Two Interactive Software by 664.1% in the third quarter. WINTON GROUP Ltd now owns 22,542 shares of the company’s stock valued at $5,824,000 after purchasing an additional 19,592 shares during the period. Russell Investments Group Ltd. grew its stake in Take-Two Interactive Software by 104.5% in the third quarter. Russell Investments Group Ltd. now owns 92,272 shares of the company’s stock worth $23,855,000 after purchasing an additional 47,144 shares in the last quarter. Inceptionr LLC increased its holdings in Take-Two Interactive Software by 80.1% during the 3rd quarter. Inceptionr LLC now owns 4,017 shares of the company’s stock worth $1,038,000 after purchasing an additional 1,786 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its holdings in Take-Two Interactive Software by 34.6% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,283 shares of the company’s stock worth $331,000 after purchasing an additional 330 shares during the period. Finally, Private Advisor Group LLC raised its position in Take-Two Interactive Software by 7.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,413 shares of the company’s stock valued at $882,000 after purchasing an additional 247 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on TTWO. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Morgan Stanley raised their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, UBS Group boosted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director owned 21,525 shares in the company, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total transaction of $82,600.00. Following the transaction, the director owned 2,286 shares in the company, valued at approximately $457,200. This trade represents a 15.30% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 64,880 shares of company stock valued at $13,908,337. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Up 1.5%

Take-Two Interactive Software stock opened at $214.63 on Tuesday. Take-Two Interactive Software, Inc. has a 1-year low of $188.56 and a 1-year high of $264.79. The business has a fifty day moving average price of $225.03 and a 200-day moving average price of $239.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of -9.59, a PEG ratio of 8.66 and a beta of 0.94.

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.