Fideuram Intesa Sanpaolo Private Banking S.P.A. Lowers Stock Position in Take-Two Interactive Software, Inc. $TTWO

Fideuram Intesa Sanpaolo Private Banking S.P.A. cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 87.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,002 shares of the company’s stock after selling 7,131 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Take-Two Interactive Software were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TTWO. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after acquiring an additional 166,661 shares during the last quarter. State Street Corp boosted its holdings in shares of Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after purchasing an additional 390,331 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after purchasing an additional 60,893 shares in the last quarter. Invesco Ltd. increased its position in shares of Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after purchasing an additional 16,758 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $735,389,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO opened at $254.99 on Monday. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The stock has a market cap of $47.34 billion, a PE ratio of -157.40, a PEG ratio of 4.99 and a beta of 0.96. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $227.54 and a 200-day moving average of $222.74.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research reports. BTIG Research reaffirmed a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research note on Thursday. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Bank of America increased their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.88.

Insider Buying and Selling

In other news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the completion of the transaction, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the completion of the transaction, the insider directly owned 113,988 shares of the company’s stock, valued at approximately $26,217,240. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 570,015 shares of company stock worth $128,432,857 over the last three months. 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.