Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 12-Month High Following Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) hit a new 52-week high during trading on Tuesday after Roth Mkm raised their price target on the stock from $182.00 to $208.00. Roth Mkm currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $184.29 and last traded at $184.29, with a volume of 179891 shares trading hands. The stock had previously closed at $182.93.

A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley lifted their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Bank of America restated a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Benchmark upped their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird increased their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated 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 owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank grew its stake in shares of Take-Two Interactive Software by 17.9% during the third quarter. Toronto Dominion Bank now owns 56,194 shares of the company’s stock worth $8,638,000 after buying an additional 8,537 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Take-Two Interactive Software by 10.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,997 shares of the company’s stock valued at $313,000 after buying an additional 187 shares during the period. Geode Capital Management LLC raised its holdings in Take-Two Interactive Software by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after buying an additional 134,767 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Take-Two Interactive Software by 5.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 327,685 shares of the company’s stock worth $50,368,000 after purchasing an additional 16,990 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in shares of Take-Two Interactive Software by 29.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,107 shares of the company’s stock valued at $478,000 after buying an additional 705 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day moving average of $160.14 and a 200 day moving average of $155.72. The firm has a market capitalization of $32.67 billion, a P/E ratio of -8.79, a PEG ratio of 5.35 and a beta of 0.85.

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.