Brokerages Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) PT at $197.58

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $200.58.

A number of equities analysts have commented on TTWO shares. UBS Group boosted their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley boosted their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Roth Mkm boosted their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $185.49 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 5.84 and a beta of 0.89. The firm’s fifty day simple moving average is $185.46 and its 200 day simple moving average is $165.89. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $192.14.

Insider Activity

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in Take-Two Interactive Software by 16.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,722 shares of the company’s stock valued at $1,356,000 after buying an additional 1,239 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Take-Two Interactive Software by 10.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,645 shares of the company’s stock valued at $411,000 after buying an additional 247 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Take-Two Interactive Software by 34.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,488 shares of the company’s stock valued at $1,924,000 after buying an additional 3,231 shares during the period. AE Wealth Management LLC increased its stake in Take-Two Interactive Software by 25.1% in the 2nd quarter. AE Wealth Management LLC now owns 14,026 shares of the company’s stock valued at $2,181,000 after buying an additional 2,815 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Take-Two Interactive Software by 1.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 67,500 shares of the company’s stock valued at $10,497,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.