Swiss National Bank Buys 36,800 Shares of Take-Two Interactive Software, Inc. $TTWO

Swiss National Bank raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,408 shares of the company’s stock after purchasing an additional 36,800 shares during the period. Swiss National Bank’s holdings in Take-Two Interactive Software were worth $107,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $425,000. Empowered Funds LLC lifted its position in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after buying an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Take-Two Interactive Software during the second quarter worth $2,747,000. Finally, Jump Financial LLC boosted its stake 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 buying an additional 3,650 shares during the period. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $238.98 on Tuesday. The company has a 50 day moving average price of $233.74 and a 200-day moving average price of $222.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The company has a market capitalization of $44.37 billion, a PE ratio of -147.52, a P/E/G ratio of 4.54 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TTWO shares. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company upped their price target on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $293.00.

Insider Buying and Selling at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 4,419 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the transaction, the insider owned 113,988 shares in the company, valued at approximately $26,217,240. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the sale, the director owned 21,868 shares of the company’s stock, valued at $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 569,936 shares of company stock worth $128,431,438 over the last quarter. Insiders own 1.34% of the company’s stock.

About Take-Two Interactive Software

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.