Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $223.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price hoisted by Stifel Nicolaus from $220.00 to $223.00 in a report issued on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other analysts also recently weighed in on TTWO. Oppenheimer increased their price target on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Morgan Stanley increased their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. TD Cowen lifted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Roth Mkm increased their target price on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $200.58.

Take-Two Interactive Software Trading Down 2.2 %

TTWO opened at $183.82 on Tuesday. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $192.14. The company has a fifty day moving average of $185.30 and a 200-day moving average of $165.65. The stock has a market cap of $32.28 billion, a PE ratio of -8.69, a price-to-earnings-growth ratio of 5.75 and a beta of 0.89. 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, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its stake in shares of Take-Two Interactive Software by 16.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,722 shares of the company’s stock worth $1,356,000 after purchasing an additional 1,239 shares during the period. AE Wealth Management LLC boosted its stake in Take-Two Interactive Software by 25.1% in the second quarter. AE Wealth Management LLC now owns 14,026 shares of the company’s stock valued at $2,181,000 after acquiring an additional 2,815 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Take-Two Interactive Software by 3.6% during the 2nd quarter. Pacer Advisors Inc. now owns 21,020 shares of the company’s stock valued at $3,268,000 after acquiring an additional 731 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $276,000. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 77,275.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,095 shares of the company’s stock worth $481,000 after purchasing an additional 3,091 shares during the period. 95.46% of the stock is currently owned by institutional investors.

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.