Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been assigned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $197.58.

Several research firms have issued reports on TTWO. StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, December 9th. TD Cowen increased their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Oppenheimer lifted their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Take-Two Interactive Software Stock Down 1.0 %

Shares of NASDAQ:TTWO opened at $184.54 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $179.14 and a 200-day simple moving average of $162.07. The company has a market capitalization of $32.41 billion, a PE ratio of -8.72, a P/E/G ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $191.91.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction on Friday, November 8th. The stock was 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 of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the sale, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank raised its position in Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after acquiring an additional 13,200 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $20,290,000. CIBC Asset Management Inc raised its position in shares of Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after purchasing an additional 4,456 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Take-Two Interactive Software by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after buying an additional 10,837 shares in the last quarter. Finally, Vestcor Inc grew its holdings in Take-Two Interactive Software by 37.2% during the 3rd quarter. Vestcor Inc now owns 18,454 shares of the company’s stock valued at $2,837,000 after buying an additional 5,000 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.