Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Roth Mkm Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by equities research analysts at Roth Mkm from $182.00 to $208.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 12.13% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Bank of America reiterated a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Benchmark boosted their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $185.50 on Tuesday. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $186.75. The firm has a market cap of $32.58 billion, a P/E ratio of -8.77, a PEG ratio of 5.35 and a beta of 0.85. The stock has a fifty day moving average price of $160.80 and a two-hundred day moving average price of $155.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

Insider Buying and Selling

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of Take-Two Interactive Software by 9.1% during the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after acquiring an additional 4,456 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Take-Two Interactive Software by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock worth $61,928,000 after purchasing an additional 10,837 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Take-Two Interactive Software by 28.6% in the 3rd quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock valued at $1,974,000 after purchasing an additional 2,867 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 5.9% in the third quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock valued at $29,127,000 after purchasing an additional 10,491 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after buying an additional 13,200 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.