Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $215.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by Oppenheimer from $190.00 to $215.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on TTWO. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Citigroup raised their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Roth Mkm raised their target price on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $200.58.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $183.82 on Tuesday. The stock has a 50-day simple moving average of $185.30 and a 200 day simple moving average of $165.65. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $192.14. The stock has a market capitalization of $32.28 billion, a PE ratio of -8.69, a P/E/G ratio of 5.75 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank boosted its holdings in Take-Two Interactive Software by 2.7% in the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock valued at $75,857,000 after acquiring an additional 13,200 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Take-Two Interactive Software by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after purchasing an additional 4,456 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $20,290,000. Fiduciary Alliance LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $734,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Take-Two Interactive Software by 2.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after buying an additional 10,837 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

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.