Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $188.05.

A number of research analysts have recently weighed in on TTWO shares. Benchmark lifted their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Monday, August 12th. TD Cowen increased their price objective on shares of Take-Two Interactive Software from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Roth Mkm increased their price target on Take-Two Interactive Software from $180.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ninety One UK Ltd grew its stake 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 acquiring an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Take-Two Interactive Software by 2,224.9% in the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Take-Two Interactive Software by 3,786.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after purchasing an additional 804,793 shares during the period. Ameriprise Financial Inc. raised its position in Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after buying an additional 648,982 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 0.6 %

TTWO opened at $180.55 on Wednesday. The firm’s 50 day simple moving average is $157.60 and its two-hundred day simple moving average is $154.37. The company has a market capitalization of $31.65 billion, a PE ratio of -8.53, a PEG ratio of 5.44 and a beta of 0.85. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $180.67. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.

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.