Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Rating of “Buy” from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has earned a consensus rating of “Buy” from the twenty-two research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $228.10.

A number of equities analysts have recently commented on TTWO shares. Ascendiant Capital Markets lifted their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Robert W. Baird lifted their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. DA Davidson lifted their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st.

Insiders Place Their Bets

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software stock in a transaction on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the chief executive officer now owns 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,378 shares of company stock worth $103,915,994 over the last 90 days. 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 bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of Take-Two Interactive Software by 17.1% in the 4th quarter. Empowered Funds LLC now owns 2,934 shares of the company’s stock valued at $540,000 after purchasing an additional 428 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $236,000. Principal Securities Inc. boosted its stake in shares of Take-Two Interactive Software by 6.0% in the 4th quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock valued at $189,000 after purchasing an additional 58 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Take-Two Interactive Software by 10.9% in the 4th quarter. Allworth Financial LP now owns 1,035 shares of the company’s stock valued at $195,000 after purchasing an additional 102 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 76.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 495 shares of the company’s stock valued at $91,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.6%

NASDAQ:TTWO opened at $241.64 on Thursday. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $245.08. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of -9.52, a P/E/G ratio of 5.93 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $228.78 and its 200-day moving average is $208.49.

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.