Take-Two Interactive Software (NASDAQ:TTWO) Hits New 52-Week High After Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares hit a new 52-week high during mid-day trading on Monday after TD Cowen raised their price target on the stock from $176.00 to $211.00. TD Cowen currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $189.71 and last traded at $189.71, with a volume of 1167 shares changing hands. The stock had previously closed at $188.15.

A number of other research firms also recently issued reports on TTWO. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Bank of America reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price for the company. UBS Group increased their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.75.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its stake in shares of Take-Two Interactive Software by 2.7% in the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company’s stock valued at $75,857,000 after purchasing an additional 13,200 shares during the period. CIBC Asset Management Inc raised its position in Take-Two Interactive Software by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after buying an additional 4,456 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Take-Two Interactive Software by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after acquiring an additional 10,837 shares in the last quarter. WCM Investment Management LLC boosted its position 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 worth $1,974,000 after acquiring an additional 2,867 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Take-Two Interactive Software by 5.9% during the 3rd quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock worth $29,127,000 after acquiring an additional 10,491 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 0.3 %

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $32.95 billion, a P/E ratio of -8.87, a PEG ratio of 5.67 and a beta of 0.85. The firm’s 50 day moving average price is $162.89 and its two-hundred day moving average price is $156.84.

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.