Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $230.00 at The Goldman Sachs Group

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by The Goldman Sachs Group from $205.00 to $230.00 in a research note issued to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. TD Cowen increased their target price 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. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $230.00 in a research report on Monday, January 27th. Two 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $208.47.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $208.77 on Friday. The business has a 50 day simple moving average of $185.94 and a 200-day simple moving average of $168.73. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $212.88. The company has a market capitalization of $36.67 billion, a price-to-earnings ratio of -9.79, a price-to-earnings-growth ratio of 5.68 and a beta of 0.89. 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 Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Itau Unibanco Holding S.A. purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at $27,000. Assetmark Inc. boosted its position in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc grew its stake in Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after acquiring an additional 87 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $31,000. Finally, Friedenthal Financial purchased a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds 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.