Take-Two Interactive Software (NASDAQ:TTWO) Shares Cross Above 200 Day Moving Average – What’s Next?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $162.95 and traded as high as $189.18. Take-Two Interactive Software shares last traded at $188.75, with a volume of 1,452,559 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on TTWO shares. 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. The Goldman Sachs Group boosted their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Citigroup upped their target price on shares of 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. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.58.

Take-Two Interactive Software Stock Performance

The firm has a fifty day moving average price of $181.61 and a two-hundred day moving average price of $162.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $33.15 billion, a PE ratio of -8.92, a P/E/G ratio of 5.76 and a beta of 0.89.

Insiders Place Their Bets

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’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 transaction of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 149,379 shares of the company’s stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently bought and sold shares of TTWO. Hartford Investment Management Co. increased its stake in shares of Take-Two Interactive Software by 0.7% during the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after buying an additional 74 shares during the period. Huntington National Bank grew its holdings in Take-Two Interactive Software by 9.3% during the 3rd quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after acquiring an additional 76 shares in the last quarter. Sanctuary Advisors LLC increased its position in Take-Two Interactive Software by 1.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock valued at $691,000 after purchasing an additional 79 shares during the period. Chicago Capital LLC raised its holdings in shares of Take-Two Interactive Software by 2.9% in the 3rd quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after purchasing an additional 85 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of Take-Two Interactive Software by 3.9% in the 3rd quarter. Studio Investment Management LLC now owns 2,303 shares of the company’s stock worth $354,000 after purchasing an additional 86 shares during the period. 95.46% of the stock is 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.