Take-Two Interactive Software’s (TTWO) “Buy” Rating Reaffirmed at DA Davidson

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a report released on Monday,Benzinga reports. They currently have a $300.00 target price on the stock. DA Davidson’s target price suggests a potential upside of 39.50% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on TTWO. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company dropped their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 9th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded up $3.31 during midday trading on Monday, hitting $215.06. 852,523 shares of the company were exchanged, compared to its average volume of 2,170,100. Take-Two Interactive Software has a 52 week low of $187.63 and a 52 week high of $264.79. The firm has a market capitalization of $39.93 billion, a P/E ratio of -132.78, a PEG ratio of 4.19 and a beta of 0.98. The firm’s 50 day moving average price is $217.25 and its two-hundred day moving average price is $223.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 8,840 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $214.00, for a total value of $1,891,760.00. Following the completion of the transaction, the insider owned 122,828 shares of the company’s stock, valued at approximately $26,285,192. This represents a 6.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the sale, the president directly owned 40,358 shares in the company, valued at $8,720,960.22. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 560,175 shares of company stock worth $126,236,057. 1.34% of the stock is owned by insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. MCF Advisors LLC acquired a new position in Take-Two Interactive Software in the 4th quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $28,000. MV Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth about $34,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. Finally, True Wealth Design LLC raised its holdings in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after buying an additional 68 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

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.