TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective upped by investment analysts at Credit Suisse Group from $131.00 to $141.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 0.35% from the company’s current price.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Wednesday, May 13th. Stifel Nicolaus cut their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $135.00 and set a “buy” rating for the company in a report on Monday, March 2nd. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Stephens raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $110.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Exane BNP Paribas raised shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 price objective for the company in a report on Monday, March 2nd. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $140.44.
Shares of TTWO stock opened at $140.51 on Thursday. The company has a 50 day moving average of $125.95 and a 200-day moving average of $121.09. The company has a quick ratio of 1.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.06. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $100.00 and a 12-month high of $149.28. The firm has a market cap of $15.67 billion, a P/E ratio of 39.69, a PEG ratio of 4.86 and a beta of 0.56.
In other news, CFO Lainie Goldstein sold 23,067 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $135.00, for a total transaction of $3,114,045.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Strauss Zelnick sold 216,665 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction on Monday, April 13th. The stock was sold at an average price of $118.97, for a total transaction of $25,776,635.05. The disclosure for this sale can be found here. Insiders have sold a total of 260,474 shares of company stock valued at $31,648,198 over the last ninety days. 1.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Square LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter worth $25,000. Heritage Wealth Advisors bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth $27,000. Assetmark Inc. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 287.7% in the 4th quarter. Assetmark Inc. now owns 221 shares of the company’s stock worth $27,000 after purchasing an additional 164 shares during the period. BDO Wealth Advisors LLC boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 666.7% during the first quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after buying an additional 200 shares during the period. Finally, Ameritas Investment Company LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at about $30,000. 88.80% 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. 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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