Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $200.00 at Morgan Stanley

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by Morgan Stanley from $185.00 to $200.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also recently issued reports on TTWO. Bank of America restated a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Monday, August 12th. Roth Mkm boosted their price objective on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Benchmark upped their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given 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 Trading Down 0.7 %

Shares of TTWO opened at $177.90 on Thursday. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $180.53. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $156.75 and its 200-day simple moving average is $153.87. The company has a market cap of $31.18 billion, a P/E ratio of -8.41, a P/E/G ratio of 5.44 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.51%. As a group, analysts expect that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC boosted its stake in shares of Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after buying an additional 166 shares during the last quarter. Crewe Advisors LLC lifted 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 purchasing an additional 143 shares during the period. UMB Bank n.a. boosted its holdings in Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. HHM Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software during the second quarter valued at $37,000. Finally, Blue Trust Inc. increased its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.