Gulf International Bank UK Ltd Has $2.05 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Gulf International Bank UK Ltd reduced its stake in Take-Two Interactive Software, Inc. by 19.9% during the first quarter, owning 9,905 shares valued at approximately $2.05 million.
• Company President Karl Slatoff sold 216,661 shares for over $48 million, leading to a 15.22% decrease in his ownership.
• Wells Fargo initiated coverage with an "overweight" rating and a $265.00 price target, while Bank of America increased their target from $260.00 to $285.00, indicating positive analyst sentiment.

Gulf International Bank UK Ltd decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 19.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,905 shares of the company's stock after selling 2,460 shares during the period. Gulf International Bank UK Ltd's holdings in Take-Two Interactive Software were worth $2,052,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $28,000. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $35,000. Graybill Wealth Management LTD. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $37,000. Zions Bancorporation National Association UT bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $37,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after acquiring an additional 57 shares during the period. Institutional investors own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research reports. Benchmark raised their price objective on Take-Two Interactive Software from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. raised their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. DA Davidson raised their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley raised their target price 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. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the transaction, the insider directly owned 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen F. Siminoff sold 414 shares of the business'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 completion of the sale, the director owned 3,290 shares in the company, valued at approximately $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.34% of the company's stock.

Take-Two Interactive Software Trading Up 0.2%

Shares of NASDAQ:TTWO traded up $0.37 during midday trading on Monday, hitting $232.55. The company had a trading volume of 1,428,357 shares, compared to its average volume of 2,038,243. Take-Two Interactive Software, Inc. has a 12 month low of $146.76 and a 12 month high of $245.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The stock has a market cap of $42.90 billion, a price-to-earnings ratio of -9.71, a PEG ratio of 5.84 and a beta of 0.99. The firm has a fifty day simple moving average of $233.68 and a 200 day simple moving average of $221.03.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.33. The firm had revenue of $1,503,800 billion for the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.52) earnings per share. On average, analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

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.