abrdn plc Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

abrdn plc lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,134 shares of the company's stock after selling 4,713 shares during the quarter. abrdn plc's holdings in Take-Two Interactive Software were worth $9,459,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Cetera Investment Advisers grew its stake in Take-Two Interactive Software by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 14,987 shares of the company's stock worth $2,330,000 after buying an additional 1,706 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth approximately $638,000. Czech National Bank lifted its position in Take-Two Interactive Software by 9.7% during the 3rd quarter. Czech National Bank now owns 33,207 shares of the company's stock worth $5,104,000 after acquiring an additional 2,948 shares during the period. GAMMA Investing LLC lifted its position in Take-Two Interactive Software by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,709 shares of the company's stock worth $263,000 after acquiring an additional 92 shares during the period. Finally, Mather Group LLC. lifted its position in Take-Two Interactive Software by 13.0% during the 3rd quarter. Mather Group LLC. now owns 1,389 shares of the company's stock worth $214,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $2.57 during trading on Tuesday, reaching $209.94. The stock had a trading volume of 1,783,187 shares, compared to its average volume of 1,878,570. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $215.84. The business's 50-day moving average price is $186.87 and its 200 day moving average price is $169.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $36.87 billion, a PE ratio of -9.84, a P/E/G ratio of 5.68 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Robert W. Baird lifted their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Wedbush restated an "outperform" rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a research note on Friday. StockNews.com downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Monday. Benchmark restated a "buy" rating and issued a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a research note on Friday. Finally, Stifel Nicolaus boosted their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now directly owns 149,379 shares of the company's stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.45% of the stock is currently owned by corporate insiders.

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.