Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Up – Should You Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares gapped up prior to trading on Thursday . The stock had previously closed at $226.99, but opened at $239.50. Take-Two Interactive Software shares last traded at $242.3950, with a volume of 699,543 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTWO shares. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research report on Tuesday, February 10th. UBS Group boosted their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company decreased their target price on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $287.93.

Take-Two Interactive Software Trading Up 0.0%

The stock’s 50 day moving average price is $209.44 and its 200-day moving average price is $226.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $44.89 billion, a PE ratio of -10.83, a PEG ratio of 3.62 and a beta of 0.97.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the sale, the director directly owned 2,000 shares of the company’s stock, valued at $415,320. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,390 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the transaction, the director owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 65,292 shares of company stock worth $13,978,938. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. LBP AM SA raised its holdings in Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after buying an additional 48,384 shares during the period. AGF Management Ltd. increased its stake in shares of Take-Two Interactive Software by 33.1% during the third quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after buying an additional 18,119 shares during the period. Compass Wealth Management LLC purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at $3,419,000. M&G PLC purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at $12,465,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in Take-Two Interactive Software by 24.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,950 shares of the company’s stock valued at $150,021,000 after purchasing an additional 114,403 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.