Take-Two Interactive Software (NASDAQ:TTWO) Sets New 1-Year High After Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high on Monday after TD Cowen raised their price target on the stock from $176.00 to $211.00. TD Cowen currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $189.71 and last traded at $189.71, with a volume of 1167 shares traded. The stock had previously closed at $188.15.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Benchmark raised their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 target price for the company. Finally, Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $191.75.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Take-Two Interactive Software by 88.5% during the third quarter. Tidal Investments LLC now owns 18,504 shares of the company’s stock worth $2,844,000 after buying an additional 8,687 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Take-Two Interactive Software during the 3rd quarter valued at $725,000. Sanctuary Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 1.8% in the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock valued at $691,000 after buying an additional 79 shares during the last quarter. Toronto Dominion Bank lifted its position in Take-Two Interactive Software by 17.9% during the 3rd quarter. Toronto Dominion Bank now owns 56,194 shares of the company’s stock worth $8,638,000 after buying an additional 8,537 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in Take-Two Interactive Software by 10.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,997 shares of the company’s stock worth $313,000 after acquiring an additional 187 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 0.3 %

The stock has a market cap of $32.95 billion, a price-to-earnings ratio of -8.87, a PEG ratio of 5.67 and a beta of 0.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $162.89 and its two-hundred day simple moving average is $156.84.

Take-Two Interactive Software Company Profile

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.