Take-Two Interactive Software (NASDAQ:TTWO) Earns “Outperform” Rating from Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a report issued on Friday,Benzinga reports. They currently have a $215.00 target price on the stock. Wedbush’s price target indicates a potential upside of 1.62% from the company’s previous close.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group lifted their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a report on Friday. TD Cowen upped their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Benchmark restated a “buy” rating and set a $225.00 price objective (up from $210.00) on shares of Take-Two Interactive Software in a research report on Friday. Oppenheimer lifted their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, Roth Mkm lifted their target price on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Price Performance

Shares of TTWO traded up $28.49 during trading hours on Friday, reaching $211.57. 4,844,047 shares of the stock traded hands, compared to its average volume of 1,725,489. The company has a market cap of $37.16 billion, a P/E ratio of -9.99, a price-to-earnings-growth ratio of 5.76 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. The company’s 50-day moving average price is $185.53 and its two-hundred day moving average price is $168.10. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $212.88.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 the company. State Street Corp boosted its holdings 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 acquiring an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $115,133,000. Assenagon Asset Management S.A. grew its holdings 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Take-Two Interactive Software by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock worth $651,817,000 after purchasing an additional 417,325 shares during the period. 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.