Analysts Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) PT at $284.44

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $284.4375.

Several equities analysts have commented on TTWO shares. Morgan Stanley upped their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, UBS Group lifted their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the transaction, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This represents a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,293 shares of company stock valued at $13,994,803 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TTWO. Norges Bank acquired a new stake in Take-Two Interactive Software in the second quarter valued at approximately $731,047,000. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after purchasing an additional 932,659 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Take-Two Interactive Software by 44.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after purchasing an additional 515,484 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $200.84 on Friday. The stock has a market cap of $37.19 billion, a price-to-earnings ratio of -8.97, a price-to-earnings-growth ratio of 8.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day moving average price of $215.38 and a 200-day moving average price of $237.57. Take-Two Interactive Software has a one year low of $188.56 and a one year high of $264.79.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.