Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 12-Month High on Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s stock price hit a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $176.00 to $211.00. TD Cowen currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $189.71 and last traded at $189.71, with a volume of 1167 shares trading hands. The stock had previously closed at $188.15.

A number of other research analysts have also commented on the company. The Goldman Sachs Group upped their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Wedbush reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Finally, Benchmark lifted their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.75.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction dated 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 of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently made changes to their positions in TTWO. Itau Unibanco Holding S.A. bought a new position in Take-Two Interactive Software in the 3rd quarter valued at approximately $27,000. Crewe Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Truvestments Capital LLC bought a new stake in Take-Two Interactive Software in the 3rd quarter worth about $31,000. Finally, Blue Trust Inc. raised its position in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

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 business’s 50 day moving average price is $162.89 and its 200 day moving average price is $156.84. The stock has a market capitalization of $32.99 billion, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 5.67 and a beta of 0.85.

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.