UBS Group Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $175.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by research analysts at UBS Group from $156.00 to $175.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential downside of 1.63% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research note on Monday, August 12th. Redburn Atlantic began coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price target on the stock. Morgan Stanley raised their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group boosted their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Stock Down 0.7 %

Shares of NASDAQ TTWO traded down $1.27 during mid-day trading on Thursday, reaching $177.90. The company had a trading volume of 2,225,695 shares, compared to its average volume of 1,617,064. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $180.53. The stock’s 50 day moving average is $156.75 and its 200-day moving average is $153.71. The stock has a market capitalization of $31.18 billion, a PE ratio of -8.41, a price-to-earnings-growth ratio of 5.09 and a beta of 0.85.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Take-Two Interactive Software

Large investors have recently bought and sold shares of the business. ORG Partners LLC raised its position in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. UMB Bank n.a. raised its position in shares of Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in Take-Two Interactive Software during the second quarter valued at approximately $37,000. 95.46% of the stock is currently 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.