Take-Two Interactive Software (NASDAQ:TTWO) Rating Lowered to “Hold” at Zacks Research

Take-Two Interactive Software (NASDAQ:TTWO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, January 29th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wells Fargo & Company boosted their price target on Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $283.94.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $193.67 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. Take-Two Interactive Software has a 1 year low of $188.56 and a 1 year high of $264.79. The firm has a fifty day moving average price of $238.17 and a 200-day moving average price of $241.69. The stock has a market cap of $35.86 billion, a PE ratio of -8.65, a price-to-earnings-growth ratio of 10.17 and a beta of 0.92.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software during the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in shares of Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $28,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $29,000. 95.46% of the stock is owned by hedge funds and other 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.