Analysts Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) PT at $292.71

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been assigned an average recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $292.8824.

A number of analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets increased their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. DA Davidson reissued a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, June 15th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th.

Insiders Place Their Bets

In related news, Director Jon J. Moses sold 500 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the transaction, the director owned 22,368 shares of the company’s stock, valued at approximately $4,814,040.96. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 570,015 shares of company stock worth $128,432,857. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LBP AM SA raised its stake in shares of Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after acquiring an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Take-Two Interactive Software by 45.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after purchasing an additional 14,050 shares during the period. Fiera Capital Corp grew its holdings in Take-Two Interactive Software by 33.9% during the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after purchasing an additional 16,314 shares during the last quarter. Finally, Swedbank AB grew its holdings in Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after purchasing an additional 9,556 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $254.99 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $47.34 billion, a P/E ratio of -157.40, a P/E/G ratio of 4.99 and a beta of 0.96. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $264.79. The business’s 50-day moving average is $227.54 and its 200 day moving average is $222.74.

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.