Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report released on Friday,Benzinga reports. Wedbush currently has a $215.00 price target on the stock.

TTWO has been the subject of several other reports. Raymond James restated an “outperform” rating and set a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday. JPMorgan Chase & Co. increased their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. StockNews.com raised Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Finally, Roth Mkm lifted their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Trading Up 14.0 %

Shares of 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. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $212.88. The firm has a 50 day moving average price of $185.94 and a 200-day moving average price of $168.73. The firm 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.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction dated 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 $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently bought and sold shares of TTWO. Itau Unibanco Holding S.A. bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $27,000. Assetmark Inc. increased its holdings in shares of Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after acquiring an additional 106 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after acquiring an additional 87 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth about $31,000. Finally, Friedenthal Financial bought a new position in Take-Two Interactive Software in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.