J. Safra Sarasin Holding AG Has $1.28 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

J. Safra Sarasin Holding AG cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 40.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,013 shares of the company’s stock after selling 3,443 shares during the period. J. Safra Sarasin Holding AG’s holdings in Take-Two Interactive Software were worth $1,283,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in Take-Two Interactive Software in the first quarter valued at $425,000. Empowered Funds LLC increased its stake in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Take-Two Interactive Software by 22.5% in the 2nd quarter. American Century Companies Inc. now owns 23,041 shares of the company’s stock valued at $5,596,000 after purchasing an additional 4,235 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Take-Two Interactive Software by 3.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 45,128 shares of the company’s stock valued at $10,946,000 after purchasing an additional 1,693 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $198.20 on Thursday. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The company has a market capitalization of $36.70 billion, a price-to-earnings ratio of -8.86, a PEG ratio of 8.09 and a beta of 0.96. The company has a 50-day simple moving average of $208.61 and a 200 day simple moving average of $235.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14.

Insider Activity

In other news, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the sale, the director owned 65,626 shares in the company, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 7,946 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the completion of the transaction, the chief executive officer directly owned 170,756 shares in the company, valued at $36,569,104.96. The trade was a 4.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 65,293 shares of company stock valued at $13,994,803. Company insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TTWO shares. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. UBS Group upped their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley raised their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $284.44.

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.