Allspring Global Investments Holdings LLC Has $19.84 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Allspring Global Investments Holdings LLC reduced its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,082 shares of the company’s stock after selling 5,447 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Take-Two Interactive Software worth $19,841,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in Take-Two Interactive Software by 6.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,834 shares of the company’s stock valued at $2,351,000 after purchasing an additional 960 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $496,000. SteelPeak Wealth LLC raised its holdings in Take-Two Interactive Software by 127.4% during the first quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company’s stock worth $2,047,000 after acquiring an additional 7,725 shares in the last quarter. Roberts Wealth Advisors LLC boosted its position in Take-Two Interactive Software by 1.7% during the first quarter. Roberts Wealth Advisors LLC now owns 23,730 shares of the company’s stock valued at $3,448,000 after purchasing an additional 403 shares during the last quarter. Finally, Congress Wealth Management LLC DE grew its stake in Take-Two Interactive Software by 0.5% in the first quarter. Congress Wealth Management LLC DE now owns 76,203 shares of the company’s stock valued at $11,316,000 after purchasing an additional 396 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $161.26 on Friday. The firm has a 50-day moving average price of $154.99 and a two-hundred day moving average price of $152.25. Take-Two Interactive Software, Inc. has a 12-month low of $130.34 and a 12-month high of $171.59. The company has a market capitalization of $28.27 billion, a P/E ratio of -7.24, a P/E/G ratio of 4.63 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. Analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research report on Monday, August 12th. Benchmark raised their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley lifted their price target 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. Finally, Stifel Nicolaus upped their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $185.60.

About Take-Two Interactive Software

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.