Banque Pictet & Cie SA bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,450 shares of the company's stock, valued at approximately $508,000.
Other hedge funds have also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $28,000. Assetmark Inc. raised its stake in shares of Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock valued at $32,000 after buying an additional 106 shares during the period. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the first quarter valued at $35,000. Itau Unibanco Holding S.A. raised its stake 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 buying an additional 72 shares during the period. Finally, Global Financial Private Client LLC raised its stake in shares of Take-Two Interactive Software by 50.0% in the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock valued at $49,000 after buying an additional 79 shares during the period. 95.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on TTWO shares. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. DA Davidson increased their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a research report on Tuesday, July 1st. Morgan Stanley raised their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Raymond James Financial restated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.25.
Read Our Latest Report on TTWO
Take-Two Interactive Software Stock Down 0.6%
Shares of Take-Two Interactive Software stock traded down $1.41 on Friday, reaching $233.92. The company's stock had a trading volume of 1,429,403 shares, compared to its average volume of 1,789,791. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.08. The company has a market capitalization of $41.50 billion, a price-to-earnings ratio of -9.21, a P/E/G ratio of 6.09 and a beta of 1.03. The firm's fifty day simple moving average is $233.44 and its two-hundred day simple moving average is $213.19.
Insider Buying and Selling
In related news, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the president owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The sale 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 on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the sale, the insider directly owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,378 shares of company stock valued at $103,915,994 over the last 90 days. Company insiders own 1.45% of the company's stock.
Take-Two Interactive Software Profile
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Free Report)
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.
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