Take-Two Interactive Software (NASDAQ:TTWO) Shares Cross Above 200-Day Moving Average – Should You Sell?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $162.95 and traded as high as $189.18. Take-Two Interactive Software shares last traded at $188.75, with a volume of 1,452,559 shares changing hands.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several recent research reports. StockNews.com raised Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Monday, December 9th. Roth Mkm raised their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, TD Cowen raised their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.58.

Take-Two Interactive Software Price Performance

The firm has a market capitalization of $33.15 billion, a PE ratio of -8.92, a P/E/G ratio of 5.76 and a beta of 0.89. The firm’s fifty day moving average price is $181.61 and its 200 day moving average price is $162.95. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the business’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 completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $358,340.00. Following the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hartford Investment Management Co. grew its position in shares of Take-Two Interactive Software by 0.7% during the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after acquiring an additional 74 shares during the period. Huntington National Bank boosted its position in Take-Two Interactive Software by 9.3% during the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after purchasing an additional 76 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Take-Two Interactive Software by 1.8% in the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock valued at $691,000 after purchasing an additional 79 shares during the period. Chicago Capital LLC increased its position in shares of Take-Two Interactive Software by 2.9% in the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after buying an additional 85 shares in the last quarter. Finally, Studio Investment Management LLC raised its stake in shares of Take-Two Interactive Software by 3.9% during the 3rd quarter. Studio Investment Management LLC now owns 2,303 shares of the company’s stock worth $354,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds 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.