Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $230.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective hoisted by The Goldman Sachs Group from $205.00 to $230.00 in a report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently weighed in on TTWO. Robert W. Baird raised their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Roth Mkm boosted their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and set a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a research note on Friday. Citigroup boosted 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. Finally, BMO Capital Markets reissued an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus target price of $208.47.

Take-Two Interactive Software Stock Up 14.0 %

TTWO opened at $208.77 on Friday. 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 company has a market cap of $36.67 billion, a price-to-earnings ratio of -9.79, a PEG ratio of 5.68 and a beta of 0.89. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $212.88. The business’s fifty day moving average is $185.94 and its two-hundred day moving average is $168.73.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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. Swiss National Bank lifted its stake in shares of Take-Two Interactive Software by 2.7% in the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after acquiring an additional 13,200 shares in the last quarter. CIBC Asset Management Inc increased its holdings 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 worth $8,200,000 after purchasing an additional 4,456 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth approximately $20,290,000. Fiduciary Alliance LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $734,000. Finally, TriaGen Wealth Management LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $559,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.