Take-Two Interactive Software (NASDAQ:TTWO) Sets New 12-Month High – Time to Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $180.92 and last traded at $180.75, with a volume of 60272 shares changing hands. The stock had previously closed at $180.55.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Roth Mkm increased their price objective on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Bank of America reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Morgan Stanley raised 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 research note on Thursday, November 7th. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $188.70.

Take-Two Interactive Software Trading Down 0.2 %

The business has a 50-day moving average price of $158.56 and a 200-day moving average price of $154.75. The firm has a market capitalization of $31.87 billion, a P/E ratio of -8.58, a PEG ratio of 5.44 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently made changes to their positions in TTWO. Crewe Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the period. UMB Bank n.a. increased its holdings in Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Truvestments Capital LLC bought a new stake in Take-Two Interactive Software in the third quarter valued at about $31,000. Blue Trust Inc. increased its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after purchasing an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in Take-Two Interactive Software in the second quarter valued at about $37,000. Institutional investors and hedge funds 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.