Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $185.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price increased by Morgan Stanley from $175.00 to $185.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

TTWO has been the subject of a number of other research reports. Benchmark restated a buy rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Bank of America upgraded Take-Two Interactive Software from a neutral rating to a buy rating and raised their price objective for the company from $160.00 to $185.00 in a research report on Thursday, May 23rd. Stifel Nicolaus reissued a buy rating and set a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Citigroup raised Take-Two Interactive Software from a neutral rating to a buy rating and lifted their price objective for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Roth Mkm decreased their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating on the stock in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $178.96.

Take-Two Interactive Software Trading Down 1.7 %

Shares of Take-Two Interactive Software stock opened at $150.30 on Tuesday. Take-Two Interactive Software has a fifty-two week low of $130.34 and a fifty-two week high of $171.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $25.76 billion, a P/E ratio of -6.84, a P/E/G ratio of 4.85 and a beta of 0.84. The company has a fifty day moving average of $155.56 and a 200 day moving average of $153.14.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.47 EPS. The business’s revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Take-Two Interactive Software will post 0.96 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now owns 21,981 shares in the company, valued at approximately $3,324,626.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total transaction of $36,432.16. Following the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the sale, the director now directly owns 21,981 shares of the company’s stock, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth $350,811,000. Ninety One UK Ltd grew its holdings in Take-Two Interactive Software by 473.2% during the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after acquiring an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. increased its position in Take-Two Interactive Software by 2,224.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock valued at $160,440,000 after purchasing an additional 1,034,000 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Take-Two Interactive Software by 12.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock valued at $755,165,000 after purchasing an additional 521,456 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Take-Two Interactive Software by 269.8% in the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after purchasing an additional 361,273 shares during the period. 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. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.