Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $197.58.

TTWO has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. TD Cowen lifted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group increased their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the firm’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 directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’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 completion of the sale, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after buying an additional 880,816 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after acquiring an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after acquiring an additional 666,198 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Take-Two Interactive Software by 13.7% in the third 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. Finally, 1832 Asset Management L.P. grew its stake in Take-Two Interactive Software by 49.9% in the 2nd 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 during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $185.39 on Thursday. The company has a market capitalization of $32.56 billion, a price-to-earnings ratio of -8.76, a PEG ratio of 5.76 and a beta of 0.88. The stock’s 50 day moving average is $177.87 and its 200-day moving average is $161.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $191.91.

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.