Jennison Associates LLC Sells 53,412 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Jennison Associates LLC lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,460 shares of the company’s stock after selling 53,412 shares during the period. Jennison Associates LLC owned approximately 0.14% of Take-Two Interactive Software worth $46,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TTWO. State Street Corp raised its holdings in Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Take-Two Interactive Software by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after buying an additional 648,982 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Take-Two Interactive Software by 1,780.1% during the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock worth $70,807,000 after acquiring an additional 436,150 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Take-Two Interactive Software by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after acquiring an additional 417,325 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Take-Two Interactive Software by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after acquiring an additional 134,767 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer increased their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen lifted their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Citigroup lifted their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $204.06.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $183.54 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $32.24 billion, a P/E ratio of -8.67, a P/E/G ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $192.50. The stock has a 50 day moving average of $185.60 and a 200-day moving average of $167.87.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

About Take-Two Interactive Software

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.