Take-Two Interactive Software (NASDAQ:TTWO) Hits New 1-Year High – What’s Next?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $192.50 and last traded at $191.28, with a volume of 176090 shares changing hands. The stock had previously closed at $190.09.

Analysts Set New Price Targets

Several analysts have weighed in on TTWO shares. Wedbush reissued an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Monday, December 9th. Roth Mkm lifted their target price on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $175.00 to $230.00 in a report on Monday. Citigroup increased their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.47.

Take-Two Interactive Software Stock Up 0.7 %

The stock has a market cap of $33.63 billion, a P/E ratio of -9.05, a PEG ratio of 5.84 and a beta of 0.89. The firm has a 50-day simple moving average of $185.67 and a two-hundred day simple moving average of $166.78. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction 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 transaction, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This trade represents a 17.11 % 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 Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTWO. Itau Unibanco Holding S.A. bought a new stake in shares of Take-Two Interactive Software during the third quarter worth $27,000. Truvestments Capital LLC acquired a new stake in shares of Take-Two Interactive Software during the third quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in shares of Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Take-Two Interactive Software by 69.3% in 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 period. Finally, AM Squared Ltd bought a new position in Take-Two Interactive Software in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.