Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 162.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 79,865 shares of the company’s stock after acquiring an additional 49,460 shares during the period. 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.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTWO. Vanguard Group Inc. lifted its stake in shares of Take-Two Interactive Software by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 12,458,920 shares of the company’s stock valued at $1,915,435,000 after acquiring an additional 118,028 shares during the last quarter. BlackRock Inc. lifted its holdings in Take-Two Interactive Software by 1.5% in the 1st quarter. BlackRock Inc. now owns 12,311,580 shares of the company’s stock worth $1,468,771,000 after buying an additional 182,016 shares during the period. State Street Corp lifted its holdings in Take-Two Interactive Software by 2.8% in the 1st quarter. State Street Corp now owns 7,016,407 shares of the company’s stock worth $836,988,000 after buying an additional 192,805 shares during the period. Ameriprise Financial Inc. lifted its holdings in Take-Two Interactive Software by 1.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock worth $662,690,000 after buying an additional 84,633 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Take-Two Interactive Software by 8.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company’s stock worth $585,492,000 after buying an additional 321,632 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Down 0.0 %

Shares of NASDAQ TTWO opened at $140.60 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $148.57 and a 200 day moving average price of $152.08. Take-Two Interactive Software, Inc. has a 52-week low of $119.57 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the company’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 $9,910,799.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Roth Mkm increased their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Jefferies Financial Group assumed coverage on Take-Two Interactive Software in a report on Monday, April 1st. They issued a “buy” rating and a $195.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a report on Friday. BMO Capital Markets started coverage on Take-Two Interactive Software in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.39.

Take-Two Interactive Software Company 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.