Take-Two Interactive Software (NASDAQ:TTWO) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a sell rating in a research report sent to investors on Monday.

Several other analysts have also weighed in on TTWO. Wedbush reissued an “outperform” rating and issued a $215.00 target price on shares of Take-Two Interactive Software in a report on Friday. TD Cowen increased 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 note on Friday, November 22nd. Raymond James restated an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.47.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $212.51 on Monday. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $215.84. The firm has a market capitalization of $37.32 billion, a price-to-earnings ratio of -9.96, a price-to-earnings-growth ratio of 5.68 and a beta of 0.89. The business’s 50 day simple moving average is $186.43 and its 200-day simple moving average is $169.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Generali Asset Management SPA SGR acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $119,000. Primecap Management Co. CA acquired a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $3,247,000. Axxcess Wealth Management LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $306,000. Signaturefd LLC increased its position in shares of Take-Two Interactive Software by 23.9% in the fourth quarter. Signaturefd LLC now owns 3,013 shares of the company’s stock worth $555,000 after acquiring an additional 581 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Take-Two Interactive Software by 3.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,493 shares of the company’s stock valued at $2,668,000 after acquiring an additional 442 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.