Assenagon Asset Management S.A. Has $99.90 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Assenagon Asset Management S.A. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 218.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its stake in Take-Two Interactive Software by 8.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 5,368 shares of the company's stock valued at $988,000 after acquiring an additional 405 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Take-Two Interactive Software by 2.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,838 shares of the company's stock valued at $891,000 after purchasing an additional 121 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Take-Two Interactive Software by 17.1% in the 4th quarter. Empowered Funds LLC now owns 2,934 shares of the company's stock valued at $540,000 after purchasing an additional 428 shares during the period. Entropy Technologies LP bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $1,032,000. Finally, WCM Investment Management LLC raised its holdings in shares of Take-Two Interactive Software by 0.7% in the 4th quarter. WCM Investment Management LLC now owns 12,981 shares of the company's stock worth $2,396,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 1.8%

Shares of TTWO traded down $4.23 on Friday, reaching $230.23. 2,011,196 shares of the company's stock were exchanged, compared to its average volume of 1,740,797. The business has a 50 day moving average price of $223.10 and a two-hundred day moving average price of $205.34. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $240.78. The stock has a market capitalization of $40.85 billion, a P/E ratio of -10.79, a price-to-earnings-growth ratio of 6.83 and a beta of 1.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider now owns 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction 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 sale, the president now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 460,378 shares of company stock valued at $103,915,994 in the last 90 days. 1.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Ascendiant Capital Markets increased their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. DA Davidson boosted their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Finally, Wedbush reiterated an "outperform" rating and issued a $269.00 target price (up previously from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.