Take-Two Interactive Software (NASDAQ:TTWO) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Take-Two Interactive Software (NASDAQ:TTWO) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research report on Tuesday. UBS Group lifted their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.94.

Take-Two Interactive Software Stock Performance

TTWO opened at $193.67 on Thursday. The stock’s 50 day moving average price is $238.17 and its two-hundred day moving average price is $241.69. The firm has a market capitalization of $35.86 billion, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 10.17 and a beta of 0.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 12-month low of $188.56 and a 12-month high of $264.79.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the sale, the director owned 2,429 shares in the company, valued at $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the sale, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AGF Management Ltd. lifted its position in Take-Two Interactive Software by 33.1% during the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock worth $18,816,000 after buying an additional 18,119 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Take-Two Interactive Software by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock worth $264,692,000 after purchasing an additional 18,959 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $10,948,000. Swiss National Bank boosted its holdings in shares of Take-Two Interactive Software by 7.9% in the 2nd quarter. Swiss National Bank now owns 534,308 shares of the company’s stock valued at $129,757,000 after buying an additional 38,900 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Take-Two Interactive Software in the second quarter valued at $731,047,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.