Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Rating of "Moderate Buy" from Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $197.58.

TTWO has been the topic of several research analyst reports. StockNews.com upgraded Take-Two Interactive Software from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. TD Cowen upped their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Redburn Atlantic started coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a "buy" rating and a $194.00 price target on the stock. Morgan Stanley increased their price objective 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. Finally, Robert W. Baird raised their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.

Take-Two Interactive Software Stock Up 1.0 %

Shares of NASDAQ:TTWO traded up $1.77 during midday trading on Thursday, reaching $187.16. The company had a trading volume of 733,448 shares, compared to its average volume of 1,591,721. The stock has a market capitalization of $32.87 billion, a P/E ratio of -8.84, a PEG ratio of 5.76 and a beta of 0.89. The stock's fifty day moving average price is $177.87 and its 200-day moving average price is $161.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $191.91.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in Take-Two Interactive Software during the third quarter worth approximately $27,000. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company's stock valued at $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. lifted its holdings in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company's stock valued at $31,000 after acquiring an additional 121 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at $31,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

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.