Take-Two Interactive Software (NASDAQ:TTWO) Earns “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $215.00 price objective on the stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday. Morgan Stanley raised their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $208.47.

Take-Two Interactive Software Trading Up 14.0 %

NASDAQ:TTWO opened at $208.77 on Friday. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $212.88. The stock’s 50 day moving average price is $185.94 and its 200 day moving average price is $168.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, 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 transaction of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently modified their holdings of TTWO. Itau Unibanco Holding S.A. acquired a new position in Take-Two Interactive Software during the third quarter worth $27,000. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software in the third quarter valued at $31,000. Assetmark Inc. raised its stake in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after buying an additional 106 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after buying an additional 87 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors 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.