Morgan Stanley Increases Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $200.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective raised by equities researchers at Morgan Stanley from $185.00 to $200.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 12.42% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Benchmark lifted their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Finally, Redburn Atlantic initiated coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.05.

Take-Two Interactive Software Trading Down 0.7 %

Shares of TTWO opened at $177.90 on Thursday. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $180.53. The stock’s 50-day moving average is $156.75 and its two-hundred day moving average is $153.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $31.18 billion, a PE ratio of -8.41, a P/E/G ratio of 5.09 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 0.49% and a negative net margin of 66.38%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities analysts forecast that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Take-Two Interactive Software by 6.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,108 shares of the company’s stock worth $18,154,000 after acquiring an additional 7,006 shares during the period. Commerce Bank increased its stake in shares of Take-Two Interactive Software by 2.1% in the third quarter. Commerce Bank now owns 24,928 shares of the company’s stock valued at $3,832,000 after purchasing an additional 514 shares during the period. Avior Wealth Management LLC increased its stake in shares of Take-Two Interactive Software by 5.9% in the third quarter. Avior Wealth Management LLC now owns 1,622 shares of the company’s stock valued at $249,000 after purchasing an additional 91 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Take-Two Interactive Software by 7.0% during the third quarter. PNC Financial Services Group Inc. now owns 21,649 shares of the company’s stock valued at $3,328,000 after buying an additional 1,413 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $1,700,000. 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.