Jennison Associates LLC Has $28.31 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Jennison Associates LLC cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 31.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,913 shares of the company's stock after selling 82,104 shares during the period. Jennison Associates LLC owned approximately 0.10% of Take-Two Interactive Software worth $28,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTWO. HB Wealth Management LLC grew its stake in shares of Take-Two Interactive Software by 28.8% in the 3rd quarter. HB Wealth Management LLC now owns 1,811 shares of the company's stock valued at $254,000 after buying an additional 405 shares during the period. Park Place Capital Corp grew its position in Take-Two Interactive Software by 24.5% in the third quarter. Park Place Capital Corp now owns 777 shares of the company's stock worth $109,000 after acquiring an additional 153 shares during the period. Caprock Group LLC increased its stake in Take-Two Interactive Software by 19.2% during the third quarter. Caprock Group LLC now owns 3,040 shares of the company's stock worth $427,000 after acquiring an additional 490 shares during the last quarter. Oak Thistle LLC lifted its stake in shares of Take-Two Interactive Software by 119.9% in the 3rd quarter. Oak Thistle LLC now owns 4,861 shares of the company's stock valued at $682,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of Take-Two Interactive Software by 47.1% during the 3rd quarter. Czech National Bank now owns 27,605 shares of the company's stock worth $3,875,000 after purchasing an additional 8,838 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Stock Up 0.4 %

Shares of Take-Two Interactive Software stock traded up $0.60 during trading hours on Thursday, hitting $143.43. The company had a trading volume of 1,108,864 shares, compared to its average volume of 1,650,003. The company's 50-day moving average is $147.50 and its two-hundred day moving average is $152.15. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $24.47 billion, a P/E ratio of -16.72, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. Analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Roth Mkm upped their target price on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, February 9th. The Goldman Sachs Group lifted their target price on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a "buy" rating in a report on Friday, January 19th. JPMorgan Chase & Co. decreased their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating on the stock in a research note on Friday, February 9th. BMO Capital Markets initiated coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an "outperform" rating and a $200.00 price objective on the stock. Finally, Moffett Nathanson downgraded Take-Two Interactive Software from a "buy" rating to a "neutral" rating and dropped their target price for the company from $169.00 to $167.00 in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average price target of $177.61.

Insiders Place Their Bets

In other news, President Karl Slatoff sold 90,851 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company's stock, valued at approximately $12,965,462.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Karl Slatoff sold 90,851 shares of the company's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company's stock, valued at approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by company insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.