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

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by Stifel Nicolaus from $220.00 to $223.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 19.07% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Monday, December 9th. 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 report on Thursday, November 7th. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer lifted their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.26.

Take-Two Interactive Software Trading Up 0.5 %

TTWO stock traded up $0.88 during mid-day trading on Tuesday, reaching $187.29. 426,761 shares of the stock traded hands, compared to its average volume of 1,337,122. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $192.14. The stock’s fifty day moving average is $185.04 and its 200-day moving average is $165.13. The company has a market cap of $32.89 billion, a P/E ratio of -8.85, a P/E/G ratio of 5.79 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following 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 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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock valued at $3,157,000 after buying an additional 57 shares during the period. CX Institutional bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $244,000. Donoghue Forlines LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $2,065,000. Janney Montgomery Scott LLC lifted its position in Take-Two Interactive Software by 7.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,379 shares of the company’s stock worth $2,095,000 after purchasing an additional 811 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Take-Two Interactive Software by 2.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 40,506 shares of the company’s stock worth $7,456,000 after purchasing an additional 1,123 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.