Assenagon Asset Management S.A. Acquires 436,150 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Assenagon Asset Management S.A. grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1,780.1% in the third quarter, HoldingsChannel reports. The fund owned 460,651 shares of the company’s stock after buying an additional 436,150 shares during the period. Assenagon Asset Management S.A.’s holdings in Take-Two Interactive Software were worth $70,807,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC boosted its position in shares of Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the period. Crewe Advisors LLC boosted its position in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the period. UMB Bank n.a. boosted its position in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $37,000. Finally, Blue Trust Inc. lifted its position in Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the period. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 0.2 %

Shares of Take-Two Interactive Software stock traded up $0.40 on Thursday, reaching $161.41. 385,779 shares of the company’s stock were exchanged, compared to its average volume of 1,598,467. The company has a market capitalization of $28.29 billion, a P/E ratio of -7.23, a price-to-earnings-growth ratio of 4.63 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 52 week low of $130.34 and a 52 week high of $171.59. The firm’s 50-day moving average is $154.69 and its two-hundred day moving average is $152.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Sell-side analysts predict that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTWO. Benchmark upped their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price objective on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, August 12th. Finally, Bank of America reissued a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Buy” and an average price target of $185.60.

Take-Two Interactive Software Company 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.