Take-Two Interactive Software (NASDAQ:TTWO) Coverage Initiated at DA Davidson

Equities research analysts at DA Davidson started coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report released on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $250.00 price target on the stock. DA Davidson’s price target points to a potential upside of 16.18% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Roth Mkm upped their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Raymond James reiterated an “outperform” rating and issued a $220.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Citigroup upped their price objective on shares of 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. Finally, StockNews.com downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $210.55.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $215.18 on Tuesday. The firm’s fifty day moving average is $189.60 and its two-hundred day moving average is $172.09. The firm has a market cap of $37.98 billion, a price-to-earnings ratio of -10.09, a PEG ratio of 6.52 and a beta of 0.89. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $218.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.45% of the stock is owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $27,000. Assetmark Inc. boosted its position in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the period. Versant Capital Management Inc boosted its position in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares during the period. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $31,000. Finally, Friedenthal Financial purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $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.