Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 52-Week High – Time to Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $216.52 and last traded at $216.31, with a volume of 2001273 shares trading hands. The stock had previously closed at $208.76.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TTWO shares. Robert W. Baird upped their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Roth Mkm upped their target price on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wedbush restated an “outperform” rating and issued a $215.00 target price on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Stifel Nicolaus upped their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.47.

Take-Two Interactive Software Price Performance

The stock has a fifty day simple moving average of $189.11 and a two-hundred day simple moving average of $171.79. The company has a market cap of $38.19 billion, a PE ratio of -10.14, a price-to-earnings-growth ratio of 5.68 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In other news, insider Daniel P. Emerson sold 777 shares of the business’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 completion of the sale, the insider now directly owns 149,379 shares of the company’s stock, 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 at this link. Insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth $27,000. Assetmark Inc. boosted its position in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the period. Versant Capital Management Inc boosted its position in Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. Truvestments Capital LLC purchased a new position in Take-Two Interactive Software in the 3rd quarter valued at about $31,000. Finally, Friedenthal Financial purchased a new position in Take-Two Interactive Software in the 4th quarter valued at about $50,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.