Jennison Associates LLC Trims Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Jennison Associates LLC lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 31.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 175,913 shares of the company’s stock after selling 82,104 shares during the quarter. Jennison Associates LLC’s holdings in Take-Two Interactive Software were worth $28,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTWO. HB Wealth Management LLC increased its holdings in Take-Two Interactive Software by 28.8% in the 3rd quarter. HB Wealth Management LLC now owns 1,811 shares of the company’s stock worth $254,000 after acquiring an additional 405 shares in the last quarter. Park Place Capital Corp increased its holdings in Take-Two Interactive Software by 24.5% in the 3rd quarter. Park Place Capital Corp now owns 777 shares of the company’s stock worth $109,000 after acquiring an additional 153 shares in the last quarter. Caprock Group LLC increased its holdings in Take-Two Interactive Software by 19.2% in the 3rd quarter. Caprock Group LLC now owns 3,040 shares of the company’s stock worth $427,000 after acquiring an additional 490 shares in the last quarter. Oak Thistle LLC increased its holdings in Take-Two Interactive Software by 119.9% in the 3rd quarter. Oak Thistle LLC now owns 4,861 shares of the company’s stock worth $682,000 after acquiring an additional 2,650 shares in the last quarter. Finally, Czech National Bank increased its holdings in Take-Two Interactive Software by 47.1% in the 3rd quarter. Czech National Bank now owns 27,605 shares of the company’s stock worth $3,875,000 after acquiring an additional 8,838 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several analyst reports. 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 for the company in a report on Friday, February 9th. Oppenheimer restated an “outperform” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday. Wells Fargo & Company upped their price target on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price target for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target 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 given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, February 15th. The stock was 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 in the company, valued at $9,910,799.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value 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 disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

Take-Two Interactive Software Price Performance

TTWO opened at $142.83 on Thursday. The business’s 50-day moving average is $147.78 and its two-hundred day moving average is $152.21. Take-Two Interactive Software, Inc. has a 1 year low of $119.57 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization 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 (NASDAQ:TTWO) last issued its quarterly earnings results 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). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. Research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

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.