Take-Two Interactive Software, Inc. $TTWO Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,409 shares of the company’s stock after selling 20,788 shares during the period. Jennison Associates LLC’s holdings in Take-Two Interactive Software were worth $45,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in shares of Take-Two Interactive Software by 44.1% during the first quarter. Assetmark Inc. now owns 1,719 shares of the company’s stock valued at $340,000 after purchasing an additional 526 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 1.4% in the 1st quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company’s stock worth $291,489,000 after purchasing an additional 19,702 shares during the last quarter. D.A. Davidson & CO. boosted its position in Take-Two Interactive Software by 24.9% during the 1st quarter. D.A. Davidson & CO. now owns 11,580 shares of the company’s stock valued at $2,287,000 after purchasing an additional 2,307 shares during the period. Illinois Municipal Retirement Fund boosted its position in Take-Two Interactive Software by 30.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 16,541 shares of the company’s stock valued at $3,267,000 after purchasing an additional 3,892 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH grew its stake in Take-Two Interactive Software by 23.6% during the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 6,232 shares of the company’s stock worth $1,231,000 after buying an additional 1,188 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Up 1.0%

Shares of TTWO stock opened at $238.98 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The stock has a fifty day moving average of $233.74 and a two-hundred day moving average of $222.37. The firm has a market capitalization of $44.37 billion, a PE ratio of -147.52, a price-to-earnings-growth ratio of 4.54 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upped their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.00.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the sale, the director directly owned 1,833 shares in the company, valued at $462,887.49. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the sale, the insider directly owned 113,988 shares of the company’s stock, valued at $26,217,240. The trade was a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 569,936 shares of company stock valued at $128,431,438. 1.34% of the stock is currently owned by insiders.

About Take-Two Interactive Software

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.