Take-Two Interactive Software (NASDAQ:TTWO) Earns Buy Rating from Analysts at DA Davidson

Research analysts at DA Davidson started coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $250.00 price target on the stock. DA Davidson’s target price points to a potential upside of 15.54% from the stock’s previous close.

Other analysts have also issued reports about the company. Roth Mkm lifted their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird upped their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. TD Cowen upped their price objective on shares of 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. Finally, UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $175.00 to $230.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.55.

Take-Two Interactive Software Stock Up 3.7 %

Shares of NASDAQ TTWO opened at $216.38 on Tuesday. The firm has a market cap 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. The company’s 50-day simple moving average is $189.11 and its 200-day simple moving average is $171.79. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Itau Unibanco Holding S.A. acquired a new position in Take-Two Interactive Software during the third quarter worth approximately $27,000. Truvestments Capital LLC purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $31,000. Assetmark Inc. increased its holdings in shares of Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc increased its holdings in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after acquiring an additional 87 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.