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

Take-Two Interactive Software (NASDAQ:TTWO) had its target price raised by Oppenheimer from $190.00 to $215.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on TTWO. TD Cowen lifted their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. UBS Group lifted their target price on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Citigroup increased their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective 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. Finally, StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Three investment 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.58.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $183.82 on Tuesday. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of -8.69, a P/E/G ratio of 5.75 and a beta of 0.89. The firm’s 50 day simple moving average is $185.30 and its 200 day simple moving average is $165.65. 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.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Custom Index Systems LLC increased its holdings in shares of Take-Two Interactive Software by 12.4% in the fourth quarter. Custom Index Systems LLC now owns 2,921 shares of the company’s stock valued at $538,000 after purchasing an additional 323 shares during the last quarter. TriaGen Wealth Management LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $559,000. Caprock Group LLC grew its stake in Take-Two Interactive Software by 17.5% in the 4th quarter. Caprock Group LLC now owns 3,201 shares of the company’s stock valued at $589,000 after buying an additional 477 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in Take-Two Interactive Software by 3.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 13,133 shares of the company’s stock worth $2,416,000 after acquiring an additional 418 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in Take-Two Interactive Software by 187.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 116,991 shares of the company’s stock worth $21,536,000 after acquiring an additional 76,288 shares during the last quarter. 95.46% of the stock is 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.