Take-Two Interactive Software (NASDAQ:TTWO – Get a Free Report)The stock’s “outperform” rating was reissued by analysts at BMO Capital Markets in a report issued Thursday, Benzinga reports. They currently have a $240.00 price target on the stock, up from their previous price target of $190.00. BMO Capital Markets’ price target would indicate a potential upside of 26.51% from the company’s previous closing price.
Other equity analysts have also issued reports on the stock recently. TD Cowen raised their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22. The Goldman Sachs Group raised their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7. Stifel Nicolaus raised their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5. JPMorgan Chase & Co. Lowered their price target on Take-Two Interactive Software from $200.00 to $195.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Monday, August 12. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $194.25.
Read our latest research report on TTWO
Take-Two Interactive Software shares fell 0.2%
Shares of Take-Two Interactive Software opened at $189.71 on Thursday. 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 cap of $33.32 billion, a price-to-earnings ratio of -8.97, a price-to-earnings growth ratio of 6.18 and a beta of 0.89. The company has a 50-day simple moving average of $169.42 and a 200-day simple moving average of $159.27. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $191.91.
Insider activity at Take-Two Interactive Software
In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8. The stock sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This transaction represents a 17.11% decrease in their ownership of the shares. The transaction was disclosed in a filing with the SEC, which is available on the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction on Monday, December 2. The shares sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This means a decrease in their position of 0.52%. The explanation of this sale can be found here. 1.45% of the shares are owned by insiders.
Hedge funds weigh in on Take-Two interactive software
Several institutional investors have recently bought and sold shares of TTWO. Itau Unibanco Holding SA acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth approximately $27,000. Crewe Advisors LLC increased its holdings in Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank increased its stake in Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank now owns 199 shares of the company’s stock worth $31,000, after purchasing an additional 121 shares in the last quarter. Truvestments Capital LLC bought a new position in Take-Two Interactive Software in the third quarter valued at approximately $31,000. Finally, Blue Trust Inc. increased its stake in shares of Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company worth $36,000, after acquiring an additional 193 shares in the last quarter. 95.46% of the shares are held by institutional investors and hedge funds.
Take-Two Interactive Software Company Profile
(Get a free report)
Take-Two Interactive Software, Inc develops, publishes and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the names Grand Theft Auto, LA Noire, Max Payne, Midnight Club and Red Dead Redemption, as well as other franchises.
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