Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High – Time to Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $174.26 and last traded at $174.26, with a volume of 37721 shares changing hands. The stock had previously closed at $166.62.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price target for the company. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, August 12th. Jefferies Financial Group raised their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Wedbush reiterated an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Finally, Benchmark raised their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $187.21.

Take-Two Interactive Software Trading Up 3.8 %

The stock’s 50 day simple moving average is $156.06 and its two-hundred day simple moving average is $153.26. The stock has a market capitalization of $30.32 billion, a PE ratio of -7.48, a PEG ratio of 4.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. ORG Partners LLC raised its holdings in Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the period. Crewe Advisors LLC grew its position in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Blue Trust Inc. lifted its holdings in Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in Take-Two Interactive Software in the 2nd quarter worth about $37,000. 95.46% 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. 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.