Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 218.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 482,013 shares of the company's stock after buying an additional 330,647 shares during the quarter. Assenagon Asset Management S.A. owned 0.27% of Take-Two Interactive Software worth $99,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTWO. Park Square Financial Group LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Assetmark Inc. grew its stake in Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after purchasing an additional 106 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Take-Two Interactive Software by 41.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company's stock worth $45,000 after purchasing an additional 72 shares in the last quarter. Global Financial Private Client LLC grew its stake in Take-Two Interactive Software by 50.0% in the first quarter. Global Financial Private Client LLC now owns 237 shares of the company's stock worth $49,000 after purchasing an additional 79 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 460,378 shares of company stock valued at $103,915,994. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

TTWO stock traded down $4.23 during midday trading on Friday, reaching $230.23. The stock had a trading volume of 2,011,196 shares, compared to its average volume of 1,744,950. The stock has a market cap of $40.85 billion, a PE ratio of -10.79, a P/E/G ratio of 6.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day simple moving average of $223.78 and a two-hundred day simple moving average of $205.77. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $240.78.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wedbush reissued an "outperform" rating and issued a $269.00 price objective (up previously from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Robert W. Baird increased their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Raymond James reissued an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, UBS Group upped their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.10.

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.