Take-Two Interactive Software (NASDAQ:TTWO) Sets New 52-Week High After Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price hit a new 52-week high on Friday after The Goldman Sachs Group raised their price target on the stock from $205.00 to $230.00. The Goldman Sachs Group currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $196.00 and last traded at $206.58, with a volume of 160898 shares changing hands. The stock had previously closed at $183.08.

Other analysts have also issued research reports about the stock. TD Cowen raised 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 report on Friday, November 22nd. Moffett Nathanson lifted their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup increased their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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, Robert W. Baird lifted their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.47.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the firm’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 transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % 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.

Institutional Trading of Take-Two Interactive Software

Large investors have recently made changes to their positions in the business. Wealthfront Advisers LLC increased its stake in shares of Take-Two Interactive Software by 1,630,798.7% during the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock valued at $26,223,853,000 after buying an additional 142,450,266 shares during the period. Citizens Financial Group Inc. RI grew its stake in Take-Two Interactive Software by 25.9% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,845 shares of the company’s stock valued at $524,000 after purchasing an additional 586 shares during the last quarter. Davis R M Inc. lifted its stake in Take-Two Interactive Software by 4.9% during the 4th quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock valued at $42,233,000 after acquiring an additional 10,701 shares during the period. Independent Advisor Alliance boosted its holdings in Take-Two Interactive Software by 10.8% in the fourth quarter. Independent Advisor Alliance now owns 5,692 shares of the company’s stock valued at $1,048,000 after purchasing an additional 555 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Take-Two Interactive Software by 10.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 41,174 shares of the company’s stock valued at $7,579,000 after acquiring an additional 3,941 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 14.0 %

The company has a market cap of $36.67 billion, a PE ratio of -9.87, a PEG ratio of 5.76 and a beta of 0.89. The business’s fifty day simple moving average is $185.94 and its two-hundred day simple moving average is $168.50. 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.