Assenagon Asset Management S.A. Grows Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Assenagon Asset Management S.A. lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 218.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,013 shares of the company’s stock after purchasing an additional 330,647 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Take-Two Interactive Software were worth $99,897,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TTWO. Wealthfront Advisers LLC raised its stake in shares of Take-Two Interactive Software by 1,630,798.7% during the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares during the last quarter. Norges Bank acquired a new position in Take-Two Interactive Software during the fourth quarter worth $495,086,000. GAMMA Investing LLC grew its holdings in Take-Two Interactive Software by 27,563.6% during the first quarter. GAMMA Investing LLC now owns 693,251 shares of the company’s stock worth $143,676,000 after acquiring an additional 690,745 shares during the period. Raymond James Financial Inc. acquired a new position in Take-Two Interactive Software during the fourth quarter worth $115,133,000. Finally, Alyeska Investment Group L.P. grew its holdings in Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock worth $247,983,000 after acquiring an additional 574,326 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the chief executive officer now owns 1,206,427 shares in the company, valued at $272,350,895.25. This trade represents a 15.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the transaction, the insider now owns 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 460,378 shares of company stock worth $103,915,994. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $234.91 on Wednesday. The stock’s 50-day moving average is $221.56 and its 200-day moving average is $204.81. The company has a market cap of $41.68 billion, a price-to-earnings ratio of -11.01, a price-to-earnings-growth ratio of 6.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $240.78.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTWO. Ascendiant Capital Markets upped their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. UBS Group upped their price objective on Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 16th. DA Davidson upped their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Finally, Wall Street Zen lowered Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $228.10.

Take-Two Interactive Software 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.