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

Jennison Associates LLC decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,913 shares of the company’s stock after selling 82,104 shares during the period. Jennison Associates LLC owned 0.10% of Take-Two Interactive Software worth $28,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in Take-Two Interactive Software by 1.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock worth $662,690,000 after acquiring an additional 84,633 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Take-Two Interactive Software by 8.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company’s stock worth $585,492,000 after acquiring an additional 321,632 shares during the last quarter. Boston Partners raised its position in shares of Take-Two Interactive Software by 10.5% during the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock valued at $405,792,000 after buying an additional 275,368 shares during the last quarter. Northern Trust Corp raised its position in shares of Take-Two Interactive Software by 2.8% during the third quarter. Northern Trust Corp now owns 1,625,005 shares of the company’s stock valued at $228,134,000 after buying an additional 44,826 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Take-Two Interactive Software by 8.1% during the fourth quarter. Nordea Investment Management AB now owns 706,322 shares of the company’s stock valued at $114,389,000 after buying an additional 52,976 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their price objective for the company from $169.00 to $167.00 in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered 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 research note on Friday, February 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.61.

Insider Transactions at Take-Two Interactive Software

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

Take-Two Interactive Software Trading Up 0.8 %

TTWO opened at $142.83 on Thursday. The firm’s fifty day moving average is $147.78 and its two-hundred day moving average is $152.21. 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 firm has a market cap of $24.37 billion, a PE ratio of -16.65, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

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.