Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $215.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price upped by stock analysts at Oppenheimer from $190.00 to $215.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 14.86% from the company’s current price.

Several other research analysts also recently weighed in on the company. Robert W. Baird boosted 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. Stifel Nicolaus boosted their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Wedbush restated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Finally, Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.58.

Take-Two Interactive Software Trading Up 0.4 %

Shares of Take-Two Interactive Software stock traded up $0.78 during mid-day trading on Tuesday, hitting $187.19. 451,856 shares of the stock were exchanged, compared to its average volume of 1,340,549. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of -8.84, a price-to-earnings-growth ratio of 5.79 and a beta of 0.89. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $192.14. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $185.04 and a 200 day simple moving average of $165.13.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Take-Two Interactive Software by 16.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,722 shares of the company’s stock valued at $1,356,000 after buying an additional 1,239 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Take-Two Interactive Software by 25.1% during the 2nd quarter. AE Wealth Management LLC now owns 14,026 shares of the company’s stock worth $2,181,000 after purchasing an additional 2,815 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 3.6% during the 2nd quarter. Pacer Advisors Inc. now owns 21,020 shares of the company’s stock valued at $3,268,000 after purchasing an additional 731 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at $276,000. Finally, Frank Rimerman Advisors LLC boosted its holdings in Take-Two Interactive Software by 77,275.0% in the second quarter. Frank Rimerman Advisors LLC now owns 3,095 shares of the company’s stock worth $481,000 after purchasing an additional 3,091 shares in the last quarter. 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.