Take-Two Interactive Software’s (TTWO) Outperform Rating Reiterated at Raymond James

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating restated by Raymond James in a report issued on Friday,Benzinga reports. They currently have a $220.00 target price on the stock, up from their previous target price of $190.00. Raymond James’ price target suggests a potential upside of 4.90% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Oppenheimer raised their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird lifted their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley boosted their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.05.

Take-Two Interactive Software Trading Up 14.6 %

Shares of TTWO traded up $26.64 during midday trading on Friday, reaching $209.72. The company had a trading volume of 3,540,890 shares, compared to its average volume of 1,685,298. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $210.00. The stock has a market cap of $36.83 billion, a PE ratio of -9.90, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. The firm has a 50 day simple moving average of $185.53 and a 200-day simple moving average of $168.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.45% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Take-Two Interactive Software in the third quarter valued at about $27,000. Truvestments Capital LLC bought a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $31,000. Assetmark Inc. raised its holdings in shares of Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after purchasing an additional 106 shares during the last quarter. Versant Capital Management Inc increased its holdings in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after buying an additional 115 shares during the last quarter. 95.46% of the stock is owned by 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.