Take-Two Interactive Software, Inc. $TTWO Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,987 shares of the company’s stock after selling 15,021 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Take-Two Interactive Software were worth $154,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $28,000. Essential Partners LLC lifted its position in Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Finally, MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTWO. Bank of America increased their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $295.38.

View Our Latest Stock Analysis on Take-Two Interactive Software

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $232.47 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The business has a 50 day moving average price of $235.89 and a two-hundred day moving average price of $221.32. The firm has a market cap of $43.47 billion, a PE ratio of -143.50, a price-to-earnings-growth ratio of 4.37 and a beta of 0.97.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.22, for a total transaction of $107,610.00. Following the transaction, the director owned 22,368 shares in the company, valued at $4,814,040.96. This trade represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 569,936 shares of company stock worth $128,431,438. 1.12% of the stock is currently owned by insiders.

About Take-Two Interactive Software

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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