abrdn plc Buys 7,864 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

abrdn plc lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,847 shares of the company's stock after purchasing an additional 7,864 shares during the quarter. abrdn plc's holdings in Take-Two Interactive Software were worth $8,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in shares of Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company's stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company's stock worth $30,000 after acquiring an additional 143 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company's stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company's stock worth $36,000 after purchasing an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in Take-Two Interactive Software in the 2nd quarter worth about $37,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTWO. BMO Capital Markets reaffirmed an "outperform" rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Benchmark upped their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Morgan Stanley lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, July 23rd. HSBC raised Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price target on the stock in a report on Monday, August 12th. Finally, Hsbc Global Res raised Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $187.21.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded up $2.06 during midday trading on Friday, hitting $163.78. The company had a trading volume of 1,457,893 shares, compared to its average volume of 1,205,963. The company has a market cap of $28.71 billion, a price-to-earnings ratio of -7.35, a PEG ratio of 4.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day moving average of $155.79 and a two-hundred day moving average of $152.78. Take-Two Interactive Software, Inc. has a 12-month low of $132.17 and a 12-month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. On average, equities research analysts expect that Take-Two Interactive Software, Inc. will post 1.01 EPS 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. 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.