Assenagon Asset Management S.A. Has $18.62 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Assenagon Asset Management S.A. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 349.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,699 shares of the company’s stock after purchasing an additional 89,931 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Take-Two Interactive Software worth $18,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter worth about $25,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $27,000. Webster Bank N. A. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $28,000. Finally, BluePath Capital Management LLC bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO opened at $146.92 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day moving average price is $154.36 and its two-hundred day moving average price is $151.26. Take-Two Interactive Software, Inc. has a 1-year low of $114.84 and a 1-year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities research analysts expect that Take-Two Interactive Software, Inc. will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TTWO shares. Stifel Nicolaus lifted their price target on shares of Take-Two Interactive Software from $175.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wolfe Research assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, December 12th. They set an “outperform” rating and a $186.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $169.00 to $167.00 in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $172.50.

Take-Two Interactive Software Company 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.