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

Key Points

• Assenagon Asset Management reduced its Take-Two Interactive stake by 2.4% in the second quarter, selling 15,021 shares and retaining 617,987 shares valued at approximately $154.5 million.
• Institutional investors own 95.46% of Take-Two’s outstanding shares, while company insiders own 1.12%; insiders sold 569,936 shares worth about $128.4 million during the latest quarter.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $295.38, compared with the stock’s opening price of $232.47.

Assenagon Asset Management S.A. decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 617,987 shares of the company's stock after selling 15,021 shares during the period. Assenagon Asset Management S.A. owned 0.33% of Take-Two Interactive Software worth $154,484,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Trust Asset Management LLC raised its holdings in Take-Two Interactive Software by 3.5% in the 2nd quarter. Trust Asset Management LLC now owns 1,881 shares of the company's stock valued at $470,000 after acquiring an additional 63 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Take-Two Interactive Software by 19.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,834 shares of the company's stock worth $708,000 after purchasing an additional 470 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Take-Two Interactive Software by 30.2% during the second quarter. GAMMA Investing LLC now owns 6,526 shares of the company's stock worth $1,631,000 after purchasing an additional 1,512 shares during the last quarter. CoreCap Advisors LLC increased its stake in Take-Two Interactive Software by 78.7% in the second quarter. CoreCap Advisors LLC now owns 965 shares of the company's stock valued at $241,000 after purchasing an additional 425 shares during the last quarter. Finally, CX Institutional increased its stake in Take-Two Interactive Software by 7.8% in the second quarter. CX Institutional now owns 1,557 shares of the company's stock valued at $389,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Buying and Selling

In other news, Director Jon J. Moses sold 500 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $215.22, for a total transaction of $107,610.00. Following the completion of the sale, the director owned 22,368 shares in the company, valued at approximately $4,814,040.96. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company's stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 569,936 shares of company stock worth $128,431,438. Corporate insiders own 1.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company upped their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. BTIG Research reissued a "buy" rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research report on Monday, July 27th. Finally, Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $295.38.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $232.47 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The stock has a market capitalization of $43.47 billion, a P/E ratio of -143.50, a PEG ratio of 4.37 and a beta of 0.97. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The business's fifty day moving average price is $235.89 and its 200 day moving average price is $221.32.

Take-Two Interactive Software Company Profile

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.

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