Take-Two Interactive Software’s (TTWO) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report issued on Friday morning,Benzinga reports. Benchmark currently has a $225.00 target price on the stock, up from their previous target price of $210.00.

TTWO has been the topic of several other reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Raymond James reiterated an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday. The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Stock Up 14.0 %

TTWO opened at $208.77 on Friday. 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 fifty day moving average of $185.94 and a 200-day moving average of $168.73. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $212.88. The company has a market capitalization of $36.67 billion, a P/E ratio of -9.79, a P/E/G ratio of 5.68 and a beta of 0.89.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in TTWO. Swiss National Bank lifted its position in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock valued at $75,857,000 after acquiring an additional 13,200 shares during the period. CIBC Asset Management Inc grew its holdings in Take-Two Interactive Software by 9.1% in the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock worth $8,200,000 after purchasing an additional 4,456 shares during the period. Paloma Partners Management Co bought a new stake in Take-Two Interactive Software in the third quarter valued at $20,290,000. Fiduciary Alliance LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter valued at about $734,000. Finally, TriaGen Wealth Management LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $559,000. 95.46% of the stock is 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.