Assenagon Asset Management S.A. Acquires 272,594 Shares of Take-Two Interactive Software, Inc. $TTWO

Assenagon Asset Management S.A. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 52.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 787,769 shares of the company’s stock after purchasing an additional 272,594 shares during the period. Assenagon Asset Management S.A. owned approximately 0.43% of Take-Two Interactive Software worth $201,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Vanguard Group Inc. boosted its holdings in Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after acquiring an additional 932,659 shares in the last quarter. State Street Corp grew its stake in shares of Take-Two Interactive Software by 4.1% in the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock worth $2,845,084,000 after acquiring an additional 429,083 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares in the last quarter. Norges Bank bought a new position in shares of Take-Two Interactive Software during the second quarter valued at $731,047,000. Finally, Ninety One UK Ltd raised its position in shares of Take-Two Interactive Software by 4.0% in the 3rd quarter. Ninety One UK Ltd now owns 1,873,863 shares of the company’s stock worth $484,131,000 after purchasing an additional 72,281 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $209.36, for a total transaction of $86,465.68. Following the completion of the sale, the director directly owned 2,143 shares in the company, valued at approximately $448,658.48. The trade was a 16.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director owned 65,626 shares in the company, valued at approximately $12,779,350.98. This trade represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,293 shares of company stock valued at $13,994,803 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTWO shares. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research note on Monday, December 1st. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research report on Tuesday, February 10th. UBS Group boosted their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $200.84 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average price of $215.38 and a 200-day moving average price of $237.57. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79. The firm has a market capitalization of $37.19 billion, a PE ratio of -8.97, a P/E/G ratio of 8.22 and a beta of 0.94.

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.