J. Safra Sarasin Holding AG Acquires 13,128 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• J. Safra Sarasin Holding AG increased its shares in Take-Two Interactive by 254.9%, holding 18,278 shares valued at approximately $3.79 million.
• Multiple hedge funds have modified their positions in TTWO, with 95.46% of the stock currently owned by institutional investors, demonstrating significant interest in the company.
• Analysts have mixed ratings for Take-Two Interactive, with a consensus rating of "Moderate Buy" and an average price target of $234.05.

J. Safra Sarasin Holding AG lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 254.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,278 shares of the company's stock after acquiring an additional 13,128 shares during the period. J. Safra Sarasin Holding AG's holdings in Take-Two Interactive Software were worth $3,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its holdings in shares of Take-Two Interactive Software by 26.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,117 shares of the company's stock worth $942,000 after buying an additional 1,081 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Take-Two Interactive Software by 72.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the company's stock worth $294,000 after purchasing an additional 674 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Take-Two Interactive Software by 42.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,822 shares of the company's stock worth $1,624,000 after purchasing an additional 2,645 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Take-Two Interactive Software by 3.5% during the 4th quarter. Alliancebernstein L.P. now owns 300,583 shares of the company's stock valued at $55,331,000 after purchasing an additional 10,039 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Take-Two Interactive Software by 19.9% in the 4th quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock valued at $2,685,000 after buying an additional 2,420 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Down 1.0%

TTWO traded down $2.27 during trading on Thursday, reaching $224.94. 463,239 shares of the company's stock were exchanged, compared to its average volume of 2,005,971. The company's fifty day moving average price is $233.69 and its 200-day moving average price is $218.57. The firm has a market capitalization of $41.50 billion, a PE ratio of -8.87, a P/E/G ratio of 5.80 and a beta of 0.99. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.07. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of 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. Morgan Stanley upped their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Citigroup lifted their price objective on Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $234.05.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction dated 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 transaction, the insider owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock valued at $104,014,443 in the last three months. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software 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.