Banco Santander S.A. Sells 3,994 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Banco Santander S.A. reduced its stake in Take-Two Interactive Software by 25.5%, selling 3,994 shares and now holding 11,682 shares worth approximately $2.42 million.
• Multiple large investors, including Massachusetts Financial Services and Capital International Investors, have recently increased their holdings in Take-Two Interactive, indicating strong institutional interest in the stock.
• Analyst ratings for Take-Two Interactive are predominantly positive, with a consensus rating of "Moderate Buy" and an average price target of $234.05, reflecting an optimistic outlook on the stock's performance.

Banco Santander S.A. lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 25.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,682 shares of the company's stock after selling 3,994 shares during the quarter. Banco Santander S.A.'s holdings in Take-Two Interactive Software were worth $2,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTWO. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $28,000. North Capital Inc. bought a new position in shares of Take-Two Interactive Software in the 1st quarter valued at about $35,000. Graybill Wealth Management LTD. bought a new position in Take-Two Interactive Software during the first quarter worth $37,000. Cullen Frost Bankers Inc. increased its holdings in shares of Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock valued at $45,000 after purchasing an additional 72 shares during the period. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on TTWO shares. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They issued an "overweight" rating and a $265.00 price target on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $234.05.

Insider Transactions at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the sale, the director owned 3,290 shares in the company, valued at $782,362. This represents a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider owned 152,271 shares of the company's stock, valued at $34,294,474.62. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,792 shares of company stock worth $104,014,443. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Trading Up 0.6%

Shares of Take-Two Interactive Software stock traded up $1.29 on Wednesday, hitting $227.21. 1,543,491 shares of the company's stock traded hands, compared to its average volume of 1,741,263. The company has a market capitalization of $41.91 billion, a price-to-earnings ratio of -8.95, a price-to-earnings-growth ratio of 5.80 and a beta of 0.99. The company has a fifty day moving average of $233.71 and a two-hundred day moving average of $218.51. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $245.07.

Take-Two Interactive Software Company 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.