Take-Two Interactive Software (NASDAQ:TTWO) Earns Buy Rating from Benchmark

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued on Friday,Benzinga reports. They presently have a $225.00 price objective on the stock, up from their previous price objective of $210.00. Benchmark’s price target indicates a potential upside of 5.81% from the stock’s previous close.

A number of other research analysts also recently weighed in on TTWO. Robert W. Baird increased their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Citigroup raised their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their target price 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. Finally, Raymond James reiterated an “outperform” rating and set a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday. Two 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. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $207.16.

Take-Two Interactive Software Trading Up 16.1 %

Shares of TTWO stock traded up $29.56 during trading hours on Friday, reaching $212.64. The company had a trading volume of 4,395,229 shares, compared to its average volume of 1,716,638. The company has a 50 day moving average of $185.53 and a 200 day moving average of $168.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $37.35 billion, a price-to-earnings ratio of -10.05, a P/E/G ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $212.43.

Insiders Place Their Bets

In related 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 value of $145,796.28. Following the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Swiss National Bank grew its position in Take-Two Interactive Software by 2.7% in the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after purchasing an additional 13,200 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after acquiring an additional 4,456 shares during the period. Paloma Partners Management Co bought a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at approximately $20,290,000. Fiduciary Alliance LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $734,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of 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 valued at $61,928,000 after acquiring an additional 10,837 shares during the period. 95.46% of the stock is owned by 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.