Take-Two Interactive Software’s (TTWO) Outperform Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note released on Friday,Benzinga reports. They currently have a $215.00 price target on the stock.

A number of other research analysts have also weighed in on TTWO. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Robert W. Baird raised their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $225.00 price target (up previously from $210.00) on shares of Take-Two Interactive Software in a research note on Friday. Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer raised their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Trading Up 14.0 %

NASDAQ TTWO opened at $208.77 on Friday. The stock’s 50 day simple moving average is $185.94 and its 200-day simple moving average is $168.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $212.88.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction 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. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Take-Two Interactive Software in the third quarter valued at $27,000. Assetmark Inc. raised its position in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after acquiring an additional 106 shares in the last quarter. Versant Capital Management Inc lifted its stake in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares during the last quarter. Truvestments Capital LLC acquired a new position in Take-Two Interactive Software in the third quarter valued at approximately $31,000. Finally, Friedenthal Financial purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $50,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.