Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $287.06 Consensus PT from Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has earned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $287.0625.

A number of equities research analysts recently commented on TTWO shares. Wells Fargo & Company lowered their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Raymond James Financial upgraded shares of 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 report on Tuesday, February 10th. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Piper Sandler initiated coverage on shares of Take-Two Interactive Software in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $280.00 price objective for the company.

Take-Two Interactive Software Trading Down 0.9%

NASDAQ:TTWO opened at $212.55 on Thursday. The company has a fifty day moving average of $215.89 and a 200 day moving average of $224.01. Take-Two Interactive Software has a 52 week low of $187.63 and a 52 week high of $264.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $39.46 billion, a P/E ratio of -131.20, a P/E/G ratio of 3.27 and a beta of 0.98.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 551,748 shares of company stock worth $124,430,762. Company insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC bought a new position in Take-Two Interactive Software in the 1st quarter worth $425,000. Empowered Funds LLC grew its position in shares of Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after buying an additional 388 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $2,747,000. Finally, Jump Financial LLC grew its position in shares of Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after buying an additional 3,650 shares during the period. 95.46% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

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.