Stephens cut shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from an overweight rating to an equal weight rating in a research report released on Tuesday morning, BenzingaRatingsTable reports.
TTWO has been the topic of several other reports. Nomura initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, October 3rd. They issued a neutral rating and a $135.00 price target on the stock. Morgan Stanley boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock an overweight rating in a research report on Tuesday, October 15th. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating in a research note on Saturday. BMO Capital Markets increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE to $120.00 and gave the company a market perform rating in a report on Tuesday, November 12th. Finally, ValuEngine lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a research note on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $132.79.
NASDAQ:TTWO traded up $0.46 during mid-day trading on Tuesday, hitting $127.39. 18,467 shares of the company’s stock traded hands, compared to its average volume of 1,207,308. The company has a fifty day moving average of $123.37 and a 200 day moving average of $123.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.46 and a current ratio of 1.48. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $84.41 and a twelve month high of $135.70. The company has a market capitalization of $14.39 billion, a P/E ratio of 32.81, a P/E/G ratio of 3.13 and a beta of 0.69.
Hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the third quarter worth about $25,000. Squar Milner Financial Services LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 475.7% during the third quarter. Squar Milner Financial Services LLC now owns 213 shares of the company’s stock worth $26,000 after purchasing an additional 176 shares during the period. Phocas Financial Corp. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $284,000. Larson Financial Group LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the third quarter worth about $34,000. Finally, Signaturefd LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 55.4% during the third quarter. Signaturefd LLC now owns 317 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the period. 91.01% of the stock is currently 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. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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