DA Davidson Begins Coverage on Take-Two Interactive Software (NASDAQ:TTWO)

DA Davidson initiated coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report report published on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $250.00 target price on the stock.

A number of other equities research analysts also recently weighed in on TTWO. Robert W. Baird upped their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup upped their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen raised their target price on 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. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Moffett Nathanson raised their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $210.55.

Take-Two Interactive Software Stock Up 3.7 %

TTWO stock opened at $216.38 on Tuesday. The firm’s 50-day moving average is $189.11 and its two-hundred day moving average is $171.79. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $38.19 billion, a price-to-earnings ratio of -10.14, a price-to-earnings-growth ratio of 6.52 and a beta of 0.89. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $216.52.

Insiders Place Their Bets

In other Take-Two Interactive Software news, 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 transaction, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of TTWO. Itau Unibanco Holding S.A. acquired a new stake in Take-Two Interactive Software during the third quarter valued at $27,000. Assetmark Inc. raised its stake in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. Truvestments Capital LLC acquired a new position in Take-Two Interactive Software in the third quarter worth approximately $31,000. Finally, Friedenthal Financial bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $50,000. 95.46% of the stock is currently owned by hedge funds and other 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.