Moffett Nathanson Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by Moffett Nathanson from $156.00 to $170.00 in a research report report published on Friday morning,Benzinga reports. Moffett Nathanson currently has a neutral rating on the stock.

A number of other equities analysts have also commented on TTWO. Roth Mkm lifted their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley lifted 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 report on Thursday, November 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. UBS Group raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $175.00 to $230.00 in a report on Monday, January 27th. Finally, StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Trading Up 14.0 %

Shares of NASDAQ TTWO opened at $208.77 on Friday. The business’s 50-day simple moving average is $185.94 and its 200-day simple moving average is $168.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $212.88.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in TTWO. Itau Unibanco Holding S.A. bought a new position in Take-Two Interactive Software during the 3rd quarter worth $27,000. Truvestments Capital LLC bought a new position in Take-Two Interactive Software during the third quarter worth about $31,000. Assetmark Inc. raised its stake in Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after purchasing an additional 87 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in shares of Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after purchasing an additional 115 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

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.