Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High Following Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high on Tuesday after Roth Mkm raised their price target on the stock from $182.00 to $208.00. Roth Mkm currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $184.29 and last traded at $184.29, with a volume of 179891 shares traded. The stock had previously closed at $182.93.

Several other research firms have also recently weighed in on TTWO. Bank of America reaffirmed a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. BMO Capital Markets raised their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

Insider Buying and Selling 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 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 approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its stake in shares of Take-Two Interactive Software by 9.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,906 shares of the company’s stock valued at $728,000 after purchasing an additional 417 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 15.1% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the company’s stock valued at $140,000 after buying an additional 124 shares in the last quarter. Capital International Ltd. CA grew its position in shares of Take-Two Interactive Software by 27.3% in the 1st quarter. Capital International Ltd. CA now owns 18,146 shares of the company’s stock worth $2,694,000 after buying an additional 3,892 shares during the period. Capital World Investors increased its stake in shares of Take-Two Interactive Software by 2.1% in the 1st quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock worth $1,075,142,000 after acquiring an additional 151,135 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Take-Two Interactive Software by 1.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 60,564 shares of the company’s stock valued at $8,993,000 after acquiring an additional 806 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

The firm has a market cap of $32.58 billion, a P/E ratio of -8.77, a price-to-earnings-growth ratio of 5.35 and a beta of 0.85. 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 firm’s 50 day moving average is $160.80 and its 200 day moving average is $155.93.

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.