Aberdeen Group plc Acquires 4,417 Shares of Take-Two Interactive Software, Inc. $TTWO

Aberdeen Group plc lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,927 shares of the company’s stock after purchasing an additional 4,417 shares during the quarter. Aberdeen Group plc owned 0.07% of Take-Two Interactive Software worth $31,473,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd acquired a new stake in Take-Two Interactive Software in the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. raised its holdings in shares of Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Finally, True Wealth Design LLC lifted its stake in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TTWO. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Finally, B. Riley Financial started coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.44.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 155 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the transaction, the director owned 65,626 shares in the company, valued at $12,779,350.98. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider directly owned 125,001 shares in the company, valued at $26,702,713.62. This represents a 1.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 65,293 shares of company stock worth $13,994,803. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $199.87 on Friday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The stock has a market cap of $37.01 billion, a PE ratio of -8.93, a P/E/G ratio of 2.98 and a beta of 0.96. The business has a 50 day moving average of $206.87 and a 200-day moving average of $234.43. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

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.