JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its target price upped by research analysts at JPMorgan Chase & Co. from $195.00 to $225.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.05% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Benchmark upped their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their price target 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. Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, December 9th. Finally, Citigroup lifted their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.58.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $181.38 on Wednesday. The firm has a market capitalization of $31.86 billion, a PE ratio of -8.57, a P/E/G ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $191.91. The firm’s 50-day simple moving average is $175.58 and its 200 day simple moving average is $161.18. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Institutional Trading of Take-Two Interactive Software

Several large investors have recently added to or reduced their stakes in TTWO. State Street Corp boosted its position in shares of Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after buying an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA lifted 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 worth $828,994,000 after acquiring an additional 648,982 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after acquiring an additional 666,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 acquiring an additional 417,325 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 3.5% during 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 institutional investors and hedge funds.

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.