Take-Two Interactive Software (NASDAQ:TTWO) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

TTWO has been the subject of a number of other reports. Moffett Nathanson raised their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday. Wedbush restated an “outperform” rating and set a $215.00 target price on shares of Take-Two Interactive Software in a research note on Friday. Raymond James reiterated an “outperform” rating and issued a $220.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Friday. Robert W. Baird increased their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.47.

Take-Two Interactive Software Stock Up 1.8 %

NASDAQ TTWO opened at $212.51 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $215.84. The business has a 50 day moving average price of $186.43 and a two-hundred day moving average price of $169.17. The stock has a market cap of $37.32 billion, a PE ratio of -9.96, a P/E/G ratio of 5.68 and a beta of 0.89.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of the company’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 completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC lifted its position in Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares during the last quarter. State Street Corp increased its stake in shares of 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 valued at $1,675,241,000 after purchasing an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA raised its holdings 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 buying an additional 648,982 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Take-Two Interactive Software by 10.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock worth $651,817,000 after buying an additional 417,325 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Take-Two Interactive Software by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after buying an additional 134,767 shares in the last quarter. 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.