Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $225.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target boosted by JPMorgan Chase & Co. from $195.00 to $225.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also issued reports on TTWO. Oppenheimer boosted their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com raised shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Benchmark raised their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. The Goldman Sachs Group upped their price target on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $197.58.

Take-Two Interactive Software Trading Up 0.3 %

Shares of TTWO stock opened at $181.97 on Wednesday. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 5.76 and a beta of 0.89. The company’s fifty day simple moving average is $175.58 and its two-hundred day simple moving average is $161.18. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently modified their holdings of the stock. State Street Corp lifted 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 worth $1,675,241,000 after buying an additional 880,816 shares during the period. Point72 Asset Management L.P. raised its position in shares of Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after acquiring an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Take-Two Interactive Software by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after purchasing an additional 648,982 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of Take-Two Interactive Software by 49.9% during the second quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company’s stock valued at $251,797,000 after purchasing an additional 538,906 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

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.