TD Cowen Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by TD Cowen from $176.00 to $211.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on TTWO. Oppenheimer upped their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group raised their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.75.

Take-Two Interactive Software Stock Up 0.8 %

Take-Two Interactive Software stock opened at $188.15 on Friday. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $188.45. 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 capitalization of $33.04 billion, a price-to-earnings ratio of -8.89, a PEG ratio of 5.67 and a beta of 0.85. The company’s 50 day simple moving average is $162.18 and its 200 day simple moving average is $156.55.

Insider Activity

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the 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 sale, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its stake in shares of Take-Two Interactive Software by 9.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,906 shares of the company’s stock worth $728,000 after purchasing an additional 417 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 15.1% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the company’s stock worth $140,000 after buying an additional 124 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Take-Two Interactive Software by 1.3% in the first quarter. Gamco Investors INC. ET AL now owns 60,564 shares of the company’s stock valued at $8,993,000 after acquiring an additional 806 shares during the period. Gabelli Funds LLC increased its position in Take-Two Interactive Software by 1.1% during the first quarter. Gabelli Funds LLC now owns 49,832 shares of the company’s stock worth $7,400,000 after acquiring an additional 525 shares during the period. Finally, Epoch Investment Partners Inc. raised its stake in Take-Two Interactive Software by 2.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 249,700 shares of the company’s stock worth $37,078,000 after purchasing an additional 6,097 shares in the last quarter. 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.