Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High After Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $176.00 to $211.00. TD Cowen currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $189.71 and last traded at $189.71, with a volume of 1167 shares changing hands. The stock had previously closed at $188.15.

Several other equities research analysts have also commented on the stock. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research report on Monday, August 12th. Stifel Nicolaus boosted their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. UBS Group raised their target price on 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, Benchmark boosted their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.75.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Swiss National Bank lifted its position in Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock valued at $75,857,000 after purchasing an additional 13,200 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Take-Two Interactive Software by 9.1% in 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 last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 2.8% in 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 last quarter. WCM Investment Management LLC grew its position in Take-Two Interactive Software by 28.6% in the third quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock worth $1,974,000 after acquiring an additional 2,867 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Take-Two Interactive Software by 5.9% during the third quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock worth $29,127,000 after acquiring an additional 10,491 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

The firm has a market capitalization of $32.99 billion, a PE ratio of -8.88, a P/E/G ratio of 5.67 and a beta of 0.85. The business has a 50-day simple moving average of $162.89 and a 200-day simple moving average of $156.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

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.