A number of other research analysts also recently issued reports on the company. Cowen and Company downgraded Take-Two Interactive Software from an outperform rating to a market perform rating and set a $83.00 price target on the stock. in a report on Monday, October 9th. Benchmark Co. reiterated a buy rating and issued a $110.00 price target (up from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. Stifel Nicolaus reissued a buy rating and issued a $105.00 price objective (up previously from $96.00) on shares of Take-Two Interactive Software in a research report on Wednesday, September 6th. Zacks Investment Research raised Take-Two Interactive Software from a strong sell rating to a hold rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Take-Two Interactive Software in a research report on Friday, September 8th. They set a buy rating and a $118.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Take-Two Interactive Software currently has a consensus rating of Buy and an average target price of $96.30.
Take-Two Interactive Software (TTWO) traded down $1.93 on Tuesday, reaching $107.00. The company’s stock had a trading volume of 2,137,107 shares, compared to its average volume of 1,313,663. The stock has a market cap of $11,533.20, a P/E ratio of 50.67, a P/E/G ratio of 5.09 and a beta of 0.82. Take-Two Interactive Software has a one year low of $45.87 and a one year high of $111.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.44 and a quick ratio of 1.43.
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In other news, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the sale, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.55% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP increased its holdings in Take-Two Interactive Software by 1,063.4% in the second quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock valued at $5,565,000 after buying an additional 69,322 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Take-Two Interactive Software in the second quarter valued at $385,000. BNP Paribas Arbitrage SA increased its holdings in Take-Two Interactive Software by 70.2% in the second quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after buying an additional 16,224 shares during the last quarter. Utah Retirement Systems purchased a new position in Take-Two Interactive Software in the second quarter valued at $1,332,000. Finally, Eqis Capital Management Inc. increased its holdings in Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after buying an additional 957 shares during the last quarter. 97.39% of the stock is currently owned by hedge funds and other institutional investors.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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