Take-Two Interactive Software, Inc. $TTWO Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,965 shares of the company’s stock after selling 2,613 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of Take-Two Interactive Software worth $27,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth approximately $425,000. Empowered Funds LLC grew its stake in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after acquiring an additional 388 shares during the period. Geneos Wealth Management Inc. grew its stake in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth $2,747,000. Finally, Jump Financial LLC raised its position in Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,650 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.7%

Shares of TTWO stock opened at $213.76 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $206.04 and its two-hundred day moving average is $228.61. The firm has a market capitalization of $39.58 billion, a P/E ratio of -9.55, a PEG ratio of 3.22 and a beta of 0.96.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTWO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research report on Tuesday, February 10th. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company cut their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the completion of the sale, the insider owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 7,946 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the completion of the sale, the chief executive officer owned 170,756 shares of the company’s stock, valued at approximately $36,569,104.96. The trade was a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 65,292 shares of company stock valued at $13,978,938. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.