Take-Two Interactive Software (NASDAQ:TTWO) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports. UBS Group currently has $230.00 target price on the stock, up from their previous target price of $175.00.

TTWO has been the subject of a number of other reports. Oppenheimer raised their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Citigroup raised their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. TD Cowen raised their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Stifel Nicolaus raised their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.47.

Take-Two Interactive Software Price Performance

TTWO stock opened at $187.87 on Monday. The firm has a 50 day moving average of $185.56 and a 200-day moving average of $166.38. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $192.14. The firm has a market capitalization of $33.00 billion, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 5.84 and a beta of 0.89.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in Take-Two Interactive Software by 2.7% in the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after purchasing an additional 13,200 shares in the last quarter. CIBC Asset Management Inc grew its position in Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after purchasing an additional 4,456 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $20,290,000. Fiduciary Alliance LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $734,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Take-Two Interactive Software by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after acquiring an additional 10,837 shares during the last quarter. 95.46% of the stock is currently owned by 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.