abrdn plc Purchases 28,498 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

abrdn plc grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 71.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,601 shares of the company’s stock after purchasing an additional 28,498 shares during the quarter. abrdn plc’s holdings in Take-Two Interactive Software were worth $11,041,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $26,000. NBC Securities Inc. bought a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $27,000. Finally, BluePath Capital Management LLC bought a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $30,000. 95.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTWO shares. Stifel Nicolaus restated a “buy” rating and set a $175.00 price target on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Wells Fargo & Company raised their price target on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, Oppenheimer restated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday. One 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’s stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $177.61.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 90,851 shares of the firm’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 transaction 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 approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Karl Slatoff sold 90,851 shares of the firm’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 transaction 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 approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 260 shares of the firm’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 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 corporate insiders.

Take-Two Interactive Software Trading Up 0.4 %

TTWO opened at $143.43 on Friday. 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 business has a 50 day moving average of $147.50 and a 200-day moving average of $152.15. Take-Two Interactive Software, Inc. has a 52 week low of $119.57 and a 52 week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, research analysts predict 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.