Take-Two Interactive Software (NASDAQ:TTWO) Receives Outperform Rating from Raymond James

Raymond James restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report released on Friday morning,Benzinga reports. Raymond James currently has a $220.00 price objective on the stock, up from their previous price objective of $190.00.

Several other analysts have also recently commented on TTWO. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $175.00 to $230.00 in a research report on Monday, January 27th. Wedbush restated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Citigroup increased their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Roth Mkm boosted their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, TD Cowen increased 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 22nd. Two equities research analysts have 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.47.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $208.77 on Friday. The company has a 50-day moving average price of $185.94 and a two-hundred day moving average price of $168.50. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $212.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were 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 directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Take-Two Interactive Software in the third quarter worth $27,000. Truvestments Capital LLC purchased a new position in Take-Two Interactive Software in the third quarter valued at about $31,000. Assetmark Inc. increased its position in Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.