Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $215.00 at Oppenheimer

Take-Two Interactive Software (NASDAQ:TTWO) had its target price boosted by Oppenheimer from $190.00 to $215.00 in a research note issued to investors on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

TTWO has been the subject of several other research reports. Robert W. Baird raised their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup raised their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Roth Mkm raised their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.58.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $185.14 on Tuesday. The stock has a market capitalization of $32.52 billion, a P/E ratio of -8.75, a P/E/G ratio of 5.79 and a beta of 0.89. The stock has a 50-day moving average price of $185.13 and a 200 day moving average price of $165.37. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $192.14.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its position 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 valued at $1,675,241,000 after purchasing an additional 880,816 shares during the period. Point72 Asset Management L.P. raised its position in Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after purchasing an additional 804,793 shares during the period. Ameriprise Financial Inc. raised its position in Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares during the period. Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after purchasing an additional 648,982 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock worth $70,807,000 after acquiring an additional 436,150 shares in the last quarter. 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.