Banque Pictet & Cie SA Purchases Shares of 2,450 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Banque Pictet & Cie SA acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,450 shares of the company's stock, valued at approximately $508,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Take-Two Interactive Software by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company's stock worth $3,563,690,000 after buying an additional 99,909 shares during the last quarter. Capital International Investors raised its holdings in shares of Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company's stock worth $899,036,000 after purchasing an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after purchasing an additional 13,555 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Take-Two Interactive Software by 6.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock valued at $833,470,000 after purchasing an additional 287,194 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Take-Two Interactive Software by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 4,110,469 shares of the company's stock valued at $754,671,000 after purchasing an additional 99,279 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the 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 transaction, the president directly owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the chief executive officer owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock valued at $103,915,994 over the last ninety days. Insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted 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. Raymond James Financial restated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. UBS Group lifted their target price on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Finally, Benchmark raised their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $235.33 on Friday. The stock has a 50 day moving average of $233.15 and a two-hundred day moving average of $212.66. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $245.08. The firm has a market cap of $41.75 billion, a P/E ratio of -9.27, a price-to-earnings-growth ratio of 6.30 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

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.

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