Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $223.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective lifted by Stifel Nicolaus from $220.00 to $223.00 in a report published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages also recently commented on TTWO. Oppenheimer raised their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised 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. Morgan Stanley raised their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Citigroup raised 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 report on Wednesday, December 11th. Finally, The Goldman Sachs Group raised their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $200.58.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $185.14 on Tuesday. The company has a market capitalization of $32.52 billion, a price-to-earnings ratio of -8.75, a P/E/G ratio of 5.79 and a beta of 0.89. The firm’s 50 day simple moving average is $185.13 and its 200 day simple moving average is $165.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $192.14.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This represents 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 owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of TTWO. State Street Corp increased its holdings in shares of Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after purchasing an additional 880,816 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after purchasing an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after purchasing an additional 648,982 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after purchasing an additional 436,150 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software

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.