Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High – Here’s What Happened

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $220.37 and last traded at $219.05, with a volume of 85129 shares traded. The stock had previously closed at $217.95.

Analyst Ratings Changes

TTWO has been the topic of a number of research reports. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $175.00 to $230.00 in a report on Monday, January 27th. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. DA Davidson assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $213.38.

Take-Two Interactive Software Trading Down 0.7 %

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $37.82 billion, a P/E ratio of -10.05, a PEG ratio of 6.83 and a beta of 0.82. The firm’s 50-day simple moving average is $202.75 and its 200 day simple moving average is $182.25.

Institutional Trading of Take-Two Interactive Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthfront Advisers LLC grew its position in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. Norges Bank acquired a new position in shares of Take-Two Interactive Software in the 4th quarter worth $495,086,000. State Street Corp raised its position in shares of Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $115,133,000. Finally, Alyeska Investment Group L.P. grew its position in Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock valued at $247,983,000 after purchasing an additional 574,326 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

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.