Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have earned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $188.05.

A number of equities analysts have commented on the company. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Roth Mkm upped their price target on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target on the stock. Bank of America reaffirmed a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Finally, BMO Capital Markets raised their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Take-Two Interactive Software Stock Up 0.6 %

Shares of NASDAQ:TTWO opened at $180.55 on Wednesday. The stock has a market capitalization of $31.65 billion, a P/E ratio of -8.53, a price-to-earnings-growth ratio of 5.44 and a beta of 0.85. The stock’s 50-day moving average price is $157.60 and its 200-day moving average price is $154.37. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $180.67.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its position in Take-Two Interactive Software by 169.7% during the first quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock valued at $2,142,000 after purchasing an additional 9,076 shares during the period. WCM Investment Management LLC raised its stake in Take-Two Interactive Software by 28.6% during the 3rd quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock valued at $1,974,000 after buying an additional 2,867 shares during the last quarter. Creative Planning lifted its holdings in shares of Take-Two Interactive Software by 27.6% during the 2nd quarter. Creative Planning now owns 26,244 shares of the company’s stock valued at $4,081,000 after buying an additional 5,681 shares during the period. University of Texas Texas AM Investment Management Co. boosted its stake in shares of Take-Two Interactive Software by 30.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company’s stock worth $3,978,000 after buying an additional 6,027 shares during the last quarter. Finally, Beech Hill Advisors Inc. grew its holdings in shares of Take-Two Interactive Software by 107.5% in the third quarter. Beech Hill Advisors Inc. now owns 14,999 shares of the company’s stock worth $2,305,000 after acquiring an additional 7,769 shares during the period. Hedge funds and other institutional investors 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.