Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $176.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price lifted by TD Cowen from $173.00 to $176.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

TTWO has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Two investment 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 stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $177.90 on Thursday. The company’s 50 day moving average price is $156.75 and its two-hundred day moving average price is $153.79. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $180.53. The firm has a market cap of $31.18 billion, a PE ratio of -8.41, a PEG ratio of 5.09 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities research analysts predict that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the firm’s 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 $9,645,755.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hartford Investment Management Co. increased its holdings in shares of Take-Two Interactive Software by 0.7% in the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after purchasing an additional 74 shares during the last quarter. Huntington National Bank increased its stake in Take-Two Interactive Software by 9.3% during the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after acquiring an additional 76 shares during the last quarter. Chicago Capital LLC boosted its position in shares of Take-Two Interactive Software by 2.9% during the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after buying an additional 85 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Take-Two Interactive Software by 15.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock valued at $107,000 after buying an additional 91 shares during the period. Finally, Avior Wealth Management LLC boosted its position in shares of Take-Two Interactive Software by 5.9% during the third quarter. Avior Wealth Management LLC now owns 1,622 shares of the company’s stock valued at $249,000 after buying an additional 91 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.