Aberdeen Group plc Acquires 8,351 Shares of Take-Two Interactive Software, Inc. $TTWO

Aberdeen Group plc raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,510 shares of the company’s stock after buying an additional 8,351 shares during the quarter. Aberdeen Group plc’s holdings in Take-Two Interactive Software were worth $30,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. Abich Financial Wealth Management LLC acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $98,000. Assetmark Inc. grew its holdings in Take-Two Interactive Software by 19.6% during the third quarter. Assetmark Inc. now owns 1,063 shares of the company’s stock valued at $275,000 after purchasing an additional 174 shares during the period. Public Sector Pension Investment Board increased its stake in Take-Two Interactive Software by 12.5% in the third quarter. Public Sector Pension Investment Board now owns 17,202 shares of the company’s stock valued at $4,444,000 after purchasing an additional 1,912 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in Take-Two Interactive Software in the third quarter worth $217,000. Finally, Illinois Municipal Retirement Fund raised its holdings in Take-Two Interactive Software by 70.9% in the third quarter. Illinois Municipal Retirement Fund now owns 10,248 shares of the company’s stock worth $2,648,000 after purchasing an additional 4,250 shares during the period. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the subject of several research analyst reports. B. Riley Financial assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target for the company. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. UBS Group upped their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a research report on Monday, December 1st. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.94.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO opened at $193.67 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day simple moving average of $237.10 and a 200 day simple moving average of $241.74. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79. The company has a market capitalization of $35.86 billion, a PE ratio of -8.65, a price-to-earnings-growth ratio of 10.34 and a beta of 0.92.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.