Assenagon Asset Management S.A. Sells 309,285 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Assenagon Asset Management S.A. reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 67.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,366 shares of the company’s stock after selling 309,285 shares during the period. Assenagon Asset Management S.A.’s holdings in Take-Two Interactive Software were worth $27,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new position in Take-Two Interactive Software in the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $31,000. Versant Capital Management Inc grew its holdings in shares of Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after acquiring an additional 115 shares in the last quarter. Finally, AM Squared Ltd purchased a new position in Take-Two Interactive Software in the 3rd quarter worth approximately $46,000. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Up 1.1 %

TTWO stock opened at $183.37 on Friday. The business’s 50-day moving average price is $184.65 and its 200-day moving average price is $164.40. The stock has a market cap of $32.21 billion, a P/E ratio of -8.67, a PEG ratio of 5.55 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $192.14.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Oppenheimer boosted their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Roth Mkm raised their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.58.

About Take-Two Interactive Software

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.