Take-Two Interactive Software (NASDAQ:TTWO) Receives New Coverage from Analysts at Redburn Atlantic

Analysts at Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report released on Thursday, MarketBeat reports. The firm set a “buy” rating and a $194.00 price target on the stock. Redburn Atlantic’s price target would suggest a potential upside of 19.97% from the stock’s current price.

Several other research firms have also recently weighed in on TTWO. Benchmark upped their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Roth Mkm reduced their target price on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Finally, Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $182.82.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $161.71 on Thursday. The firm has a market capitalization of $28.34 billion, a price-to-earnings ratio of -7.36, a P/E/G ratio of 4.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $151.69 and a 200 day moving average of $150.76. Take-Two Interactive Software has a 52-week low of $130.34 and a 52-week high of $171.59.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $350,811,000. Ninety One UK Ltd grew its stake in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares during the period. 1832 Asset Management L.P. grew its stake in Take-Two Interactive Software by 2,224.9% in the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares during the period. Point72 Asset Management L.P. raised its holdings in Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares during the period. 95.46% of the stock is owned by institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.