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

Aberdeen Group plc boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,510 shares of the company’s stock after buying an additional 8,351 shares during the period. Aberdeen Group plc owned approximately 0.06% of Take-Two Interactive Software worth $30,618,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TTWO. Norges Bank bought a new position in Take-Two Interactive Software during the second quarter worth $731,047,000. Vanguard Group Inc. grew its position in Take-Two Interactive Software by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock worth $5,043,721,000 after purchasing an additional 903,385 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 17.3% during the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after purchasing an additional 515,484 shares during the period. Voya Investment Management LLC raised its position in shares of Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock valued at $371,558,000 after buying an additional 410,097 shares during the last quarter. Finally, State Street Corp raised its position in shares of Take-Two Interactive Software by 3.8% during the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after buying an additional 389,321 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Trading Up 1.7%

Shares of Take-Two Interactive Software stock opened at $193.67 on Tuesday. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. The stock has a market capitalization of $35.86 billion, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 10.34 and a beta of 0.92. The company has a 50-day simple moving average of $237.10 and a 200 day simple moving average of $241.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TTWO shares. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research report on Monday, December 1st. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Jefferies Financial Group boosted their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, UBS Group lifted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $283.94.

Take-Two Interactive Software Company 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.