Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High After Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) hit a new 52-week high on Friday after Moffett Nathanson raised their price target on the stock from $156.00 to $170.00. Moffett Nathanson currently has a neutral rating on the stock. Take-Two Interactive Software traded as high as $196.00 and last traded at $206.58, with a volume of 160898 shares. The stock had previously closed at $183.08.

TTWO has been the topic of several other reports. Oppenheimer upped their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $175.00 to $230.00 in a report on Monday, January 27th. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, Citigroup raised their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.22.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software 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 owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. E Fund Management Co. Ltd. increased its stake in Take-Two Interactive Software by 33.3% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,465 shares of the company’s stock valued at $454,000 after purchasing an additional 616 shares in the last quarter. Candriam S.C.A. raised its holdings in Take-Two Interactive Software by 23.4% in the 4th quarter. Candriam S.C.A. now owns 14,571 shares of the company’s stock worth $2,682,000 after acquiring an additional 2,762 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Take-Two Interactive Software by 280.8% during the 4th quarter. Lindbrook Capital LLC now owns 4,341 shares of the company’s stock valued at $799,000 after purchasing an additional 3,201 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $115,133,000. Finally, Arizona State Retirement System raised its position in Take-Two Interactive Software by 6.8% in the 4th quarter. Arizona State Retirement System now owns 50,888 shares of the company’s stock worth $9,367,000 after buying an additional 3,256 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 12.9 %

The company’s 50 day simple moving average is $185.53 and its 200-day simple moving average is $168.10. The firm has a market cap of $36.31 billion, a P/E ratio of -9.86, a PEG ratio of 5.76 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.

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.