TD Cowen Issues Positive Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective raised by TD Cowen from $176.00 to $211.00 in a research note released on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on TTWO. Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 target price on the stock. Morgan Stanley lifted their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.75.

Take-Two Interactive Software Trading Down 0.3 %

Shares of TTWO opened at $187.62 on Friday. The firm’s 50-day moving average price is $162.89 and its 200-day moving average price is $156.84. The firm has a market capitalization of $32.95 billion, a price-to-earnings ratio of -8.87, a PEG ratio of 5.67 and a beta of 0.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $190.43.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Take-Two Interactive Software by 88.5% in the third quarter. Tidal Investments LLC now owns 18,504 shares of the company’s stock worth $2,844,000 after purchasing an additional 8,687 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Take-Two Interactive Software during the third quarter worth $725,000. Sanctuary Advisors LLC boosted its position in shares of Take-Two Interactive Software by 1.8% during the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock worth $691,000 after acquiring an additional 79 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Take-Two Interactive Software by 17.9% during the third quarter. Toronto Dominion Bank now owns 56,194 shares of the company’s stock worth $8,638,000 after acquiring an additional 8,537 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Take-Two Interactive Software by 10.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,997 shares of the company’s stock worth $313,000 after acquiring an additional 187 shares during 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.