Morgan Stanley Lowers Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $210.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price cut by analysts at Morgan Stanley from $215.00 to $210.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 1.30% from the company’s current price.

Other equities analysts have also issued reports about the company. Moffett Nathanson upped their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Oppenheimer lifted their target price on shares of 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. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Ascendiant Capital Markets upped their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $220.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $213.86.

Take-Two Interactive Software Trading Up 0.6 %

NASDAQ TTWO opened at $212.77 on Thursday. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $220.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $37.55 billion, a P/E ratio of -9.98, a PEG ratio of 6.83 and a beta of 1.01. The business has a fifty day simple moving average of $208.83 and a 200 day simple moving average of $188.85.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently modified their holdings of TTWO. Davis R M Inc. lifted its stake in Take-Two Interactive Software by 4.9% in the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock worth $42,233,000 after acquiring an additional 10,701 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $1,442,000. Fiduciary Alliance LLC bought a new stake in Take-Two Interactive Software during the 4th quarter valued at about $734,000. Legacy Trust increased its position in shares of Take-Two Interactive Software by 8.9% during the fourth quarter. Legacy Trust now owns 25,772 shares of the company’s stock valued at $4,744,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Summit Place Financial Advisors LLC bought a new stake in Take-Two Interactive Software in the 4th quarter worth about $748,000. 95.46% of the stock is owned by 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.