Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $186.00 to $205.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 15.23% from the company’s previous close.

Several other brokerages have also issued reports on TTWO. UBS Group lifted their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Wedbush reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their target price on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $188.05.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $177.90 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average price is $156.75 and its 200-day moving average price is $153.71. The firm has a market cap of $31.18 billion, a P/E ratio of -8.41, a P/E/G ratio of 5.09 and a beta of 0.85. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $180.53.

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

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.45% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

Several hedge funds and other institutional investors have recently bought and sold shares of TTWO. Ninety One UK Ltd boosted its position in Take-Two Interactive Software by 473.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Take-Two Interactive Software by 2,224.9% during the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after buying an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. grew its position in Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after buying an additional 804,793 shares during the period. Ameriprise Financial Inc. increased its holdings in Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after buying an additional 436,150 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

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.