Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $223.00 at Stifel Nicolaus

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective increased by Stifel Nicolaus from $220.00 to $223.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on TTWO. Morgan Stanley increased their target price 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. BMO Capital Markets reissued 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. Citigroup upped their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wedbush reiterated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Monday, December 9th. Finally, UBS Group upped their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.58.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $183.82 on Tuesday. The firm has a market cap of $32.28 billion, a P/E ratio of -8.69, a price-to-earnings-growth ratio of 5.75 and a beta of 0.89. The company’s 50 day moving average is $185.30 and its 200-day moving average is $165.65. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $192.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the stock in a transaction dated 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 owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in 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 acquiring an additional 880,816 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after buying an additional 804,793 shares during the period. 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 buying an additional 666,198 shares during the period. Massachusetts Financial Services Co. MA raised its stake 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 buying an additional 648,982 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock worth $70,807,000 after buying an additional 436,150 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.