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

J. Safra Sarasin Holding AG lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 40.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,013 shares of the company’s stock after selling 3,443 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Take-Two Interactive Software were worth $1,283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WESPAC Advisors LLC increased its position in shares of Take-Two Interactive Software by 151.9% during the fourth quarter. WESPAC Advisors LLC now owns 2,584 shares of the company’s stock worth $662,000 after acquiring an additional 1,558 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $238,000. Mather Group LLC. lifted its position in Take-Two Interactive Software by 11.3% in the 4th quarter. Mather Group LLC. now owns 1,652 shares of the company’s stock valued at $423,000 after acquiring an additional 168 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in Take-Two Interactive Software by 6.0% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,316 shares of the company’s stock valued at $337,000 after acquiring an additional 75 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its stake in Take-Two Interactive Software by 2.5% in the 4th quarter. Sax Wealth Advisors LLC now owns 4,795 shares of the company’s stock worth $1,228,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Dornemann sold 1,390 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. This trade represents a 6.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 1,698 shares of Take-Two Interactive Software stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the sale, the insider directly owned 125,001 shares in the company, valued at approximately $26,702,713.62. This represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 65,293 shares of company stock worth $13,994,803 over the last three months. Company insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TTWO shares. Morgan Stanley increased their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Stock Up 0.4%

Shares of TTWO stock opened at $198.20 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The firm’s fifty day moving average price is $208.61 and its two-hundred day moving average price is $235.10. The firm has a market capitalization of $36.70 billion, a P/E ratio of -8.86, a PEG ratio of 8.09 and a beta of 0.96.

Take-Two Interactive Software 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.