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

Jennison Associates LLC trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 250,460 shares of the company’s stock after selling 53,412 shares during the quarter. Jennison Associates LLC’s holdings in Take-Two Interactive Software were worth $46,105,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $27,000. Versant Capital Management Inc increased its stake in Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after acquiring an additional 87 shares during the period. Truvestments Capital LLC acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $31,000. Friedenthal Financial acquired a new position in Take-Two Interactive Software in the 4th quarter valued at $50,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 1.4 %

Shares of NASDAQ TTWO opened at $183.54 on Wednesday. The company has a 50 day simple moving average of $185.60 and a 200 day simple moving average of $167.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $192.50. The firm has a market cap of $32.24 billion, a PE ratio of -8.67, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the sale, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This represents a 17.11 % 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.

Analyst Ratings Changes

A number of brokerages recently commented on TTWO. The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $230.00 in a report on Monday, January 27th. Roth Mkm lifted their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen upped their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $204.06.

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.