Brokerages Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Target Price at $197.58

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $197.58.

TTWO has been the topic of several research analyst reports. Roth Mkm lifted their price objective on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Morgan Stanley boosted their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Oppenheimer upped 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. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th.

Take-Two Interactive Software Price Performance

TTWO traded up $3.04 during midday trading on Monday, hitting $186.41. 1,443,673 shares of the company traded hands, compared to its average volume of 1,295,021. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of -8.81, a PEG ratio of 5.55 and a beta of 0.89. The business has a 50 day simple moving average of $184.90 and a two-hundred day simple moving average of $164.90. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $192.14.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the 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 sale, the director now directly owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel P. Emerson sold 777 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.45% of the company's stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company's stock valued at $1,675,241,000 after purchasing an additional 880,816 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company's stock valued at $128,442,000 after buying an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock worth $694,173,000 after acquiring an additional 666,198 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock valued at $828,994,000 after acquiring an additional 648,982 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Take-Two Interactive Software by 49.9% in the second quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company's stock valued at $251,797,000 after acquiring an additional 538,906 shares in the last quarter. Institutional investors and hedge funds 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.