Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Rating of “Buy” from Analysts

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have received a consensus recommendation of “Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $213.38.

TTWO has been the subject of several research reports. Ascendiant Capital Markets lifted their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Citigroup upped 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 note on Wednesday, December 11th. Wedbush restated an “outperform” rating and set a $215.00 price target on shares of Take-Two Interactive Software in a research note on Friday, February 7th. StockNews.com lowered shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, Oppenheimer lifted their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC grew its position in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the period. Norges Bank bought a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $495,086,000. State Street Corp raised its holdings in Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. Raymond James Financial Inc. acquired a new stake in Take-Two Interactive Software in the fourth quarter worth $115,133,000. Finally, Alyeska Investment Group L.P. boosted its position in shares of Take-Two Interactive Software by 74.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock worth $247,983,000 after purchasing an additional 574,326 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Price Performance

TTWO stock opened at $194.58 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $205.30 and its two-hundred day moving average is $184.48. The firm has a market capitalization of $34.34 billion, a P/E ratio of -9.12, a P/E/G ratio of 6.83 and a beta of 0.82. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $220.93.

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.