Ascendiant Capital Markets Raises Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $270.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price increased by equities researchers at Ascendiant Capital Markets from $172.00 to $270.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Ascendiant Capital Markets’ price target points to a potential upside of 27.37% from the stock’s current price.

A number of other research firms have also recently commented on TTWO. Morgan Stanley upped their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Citigroup increased 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. The Goldman Sachs Group boosted their target price on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Raymond James reiterated an “outperform” rating and set a $220.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $213.38.

Take-Two Interactive Software Price Performance

TTWO stock opened at $211.98 on Monday. The stock has a market cap of $37.41 billion, a PE ratio of -9.94, a P/E/G ratio of 6.83 and a beta of 0.89. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $218.75. The company has a 50-day moving average price of $193.26 and a 200 day moving average price of $175.70. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at about $28,000. Itau Unibanco Holding S.A. purchased a new stake in Take-Two Interactive Software during the third quarter valued at approximately $27,000. Assetmark Inc. boosted its stake in Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after acquiring an additional 106 shares in the last quarter. Versant Capital Management Inc grew its holdings in Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in Take-Two Interactive Software in the third quarter worth $31,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.