Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 162.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,865 shares of the company’s stock after acquiring an additional 49,460 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Take-Two Interactive Software were worth $12,854,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TTWO. Cary Street Partners Investment Advisory LLC boosted its stake in Take-Two Interactive Software by 110.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. CVA Family Office LLC acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $27,000. BluePath Capital Management LLC acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $30,000. Finally, Whittier Trust Co. acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $30,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTWO has been the subject of several recent analyst reports. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Roth Mkm raised their price target on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday. The Goldman Sachs Group raised their price target on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $176.39.

Insider Buying and Selling

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.0 %

TTWO stock opened at $140.60 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a one year low of $119.57 and a one year high of $171.59. The firm has a 50-day moving average of $148.57 and a two-hundred day moving average of $152.08.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, research analysts expect that Take-Two Interactive Software, Inc. will post 0.87 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. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.