Vontobel Holding Ltd. Sells 8,234 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Vontobel Holding Ltd. reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 48,145 shares of the company's stock after selling 8,234 shares during the period. Vontobel Holding Ltd.'s holdings in Take-Two Interactive Software were worth $7,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. ORG Partners LLC boosted its stake in Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company's stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company's stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. HHM Wealth Advisors LLC purchased a new position in Take-Two Interactive Software in the 2nd quarter worth $37,000. Finally, Blue Trust Inc. lifted its stake in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company's stock worth $36,000 after purchasing an additional 193 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. HSBC raised Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective on the stock in a research note on Monday, August 12th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Benchmark increased their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Stifel Nicolaus raised their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. Finally, Bank of America reiterated a "buy" rating and set a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $185.85.

Take-Two Interactive Software Stock Up 0.3 %

TTWO stock traded up $0.48 during midday trading on Friday, hitting $155.27. The stock had a trading volume of 976,741 shares, compared to its average volume of 1,605,830. The business has a 50-day moving average of $153.88 and a two-hundred day moving average of $151.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $27.22 billion, a price-to-earnings ratio of -6.97, a price-to-earnings-growth ratio of 4.52 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.