Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High – Still a Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached a new 52-week high on Thursday . The stock traded as high as $221.22 and last traded at $220.49, with a volume of 625361 shares. The stock had previously closed at $213.30.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TTWO. Moffett Nathanson lifted their target price on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Oppenheimer boosted their price objective 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. Benchmark restated a “buy” rating and issued a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Morgan Stanley reduced their price target on shares of Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.86.

Take-Two Interactive Software Trading Up 1.2 %

The company has a market capitalization of $39.78 billion, a P/E ratio of -10.57, a PEG ratio of 6.83 and a beta of 1.01. The business has a 50 day moving average price of $209.30 and a 200 day moving average price of $191.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of the company. Mather Group LLC. grew its holdings in shares of Take-Two Interactive Software by 7.9% in the 1st quarter. Mather Group LLC. now owns 1,284 shares of the company’s stock valued at $266,000 after buying an additional 94 shares during the period. Amalgamated Bank lifted its holdings in Take-Two Interactive Software by 1.2% during the first quarter. Amalgamated Bank now owns 32,263 shares of the company’s stock worth $6,687,000 after acquiring an additional 382 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in Take-Two Interactive Software by 3,986.2% in the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company’s stock valued at $246,000 after acquiring an additional 1,156 shares during the period. Joel Isaacson & Co. LLC increased its holdings in shares of Take-Two Interactive Software by 19.7% in the first quarter. Joel Isaacson & Co. LLC now owns 1,582 shares of the company’s stock worth $328,000 after acquiring an additional 260 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Take-Two Interactive Software by 24.6% during the first quarter. Sunbelt Securities Inc. now owns 1,013 shares of the company’s stock worth $210,000 after purchasing an additional 200 shares during the period. 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.