Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Monday morning,RTT News reports. The brokerage currently has a $190.00 target price on the stock.

A number of other research firms have also commented on TTWO. TD Cowen raised their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America reiterated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Benchmark raised their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.25.

Take-Two Interactive Software Trading Down 1.0 %

Shares of Take-Two Interactive Software stock opened at $187.90 on Monday. The stock’s 50-day simple moving average is $170.10 and its 200 day simple moving average is $159.64. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $191.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $33.00 billion, a P/E ratio of -8.88, a P/E/G ratio of 5.89 and a beta of 0.88.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in TTWO. Retirement Systems of Alabama lifted its holdings in Take-Two Interactive Software by 1.9% in the 3rd quarter. Retirement Systems of Alabama now owns 35,707 shares of the company’s stock worth $5,489,000 after buying an additional 679 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $4,301,000. Tidal Investments LLC raised its holdings in shares of Take-Two Interactive Software by 88.5% during the third quarter. Tidal Investments LLC now owns 18,504 shares of the company’s stock valued at $2,844,000 after acquiring an additional 8,687 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Take-Two Interactive Software in the third quarter valued at $725,000. Finally, Sanctuary Advisors LLC boosted its holdings in Take-Two Interactive Software by 1.8% in the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock valued at $691,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.