UBS Group Raises Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $300.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price upped by analysts at UBS Group from $292.00 to $300.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 21.91% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. CICC Research assumed coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. BMO Capital Markets increased their price objective on Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, DA Davidson increased their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $273.11.

Take-Two Interactive Software Stock Up 0.2%

Shares of NASDAQ:TTWO traded up $0.57 during midday trading on Wednesday, reaching $246.09. 163,602 shares of the company were exchanged, compared to its average volume of 1,202,007. The stock has a fifty day simple moving average of $246.82 and a two-hundred day simple moving average of $243.81. Take-Two Interactive Software has a fifty-two week low of $181.86 and a fifty-two week high of $264.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The firm has a market cap of $45.47 billion, a PE ratio of -10.89, a P/E/G ratio of 3.92 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.08) earnings per share. As a group, sell-side analysts forecast that Take-Two Interactive Software will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. The trade was a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 182 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,010 shares of company stock valued at $242,102. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

A number of large investors have recently made changes to their positions in the business. ORG Partners LLC increased its stake in Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 worth $26,000 after purchasing an additional 53 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at approximately $27,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at $28,000. 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.