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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has received an average rating of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $191.75.

TTWO has been the topic of several research reports. Stifel Nicolaus raised their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Oppenheimer lifted their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Redburn Atlantic started coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. BMO Capital Markets lifted their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Benchmark lifted their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st.

Take-Two Interactive Software Trading Up 1.5 %

Shares of NASDAQ:TTWO opened at $188.38 on Friday. The stock has a market capitalization of $33.08 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 5.59 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 stock’s 50-day simple moving average is $165.66 and its two-hundred day simple moving average is $157.84. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $190.43.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in TTWO. State Street Corp increased its position in Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after buying an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Take-Two Interactive Software by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after buying an additional 648,982 shares in the last quarter. Ameriprise Financial Inc. increased its position in Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Take-Two Interactive Software by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after purchasing an additional 417,325 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Take-Two Interactive Software by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after purchasing an additional 134,767 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.