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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report)'s share price 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 changing hands. The stock had previously closed at $182.93.

Several other research firms also recently weighed in on TTWO. Stifel Nicolaus upped their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Hsbc Global Res raised shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a "buy" rating and a $194.00 price objective for the company. Finally, Oppenheimer lifted their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.00.

Insider Activity

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.45% of the company's stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of large investors have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its position in shares of Take-Two Interactive Software by 9.1% during the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company's stock worth $8,200,000 after purchasing an additional 4,456 shares during the last quarter. WCM Investment Management LLC increased its stake in Take-Two Interactive Software by 28.6% in the 3rd quarter. WCM Investment Management LLC now owns 12,895 shares of the company's stock worth $1,974,000 after buying an additional 2,867 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Take-Two Interactive Software by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company's stock valued at $61,928,000 after buying an additional 10,837 shares in the last quarter. Principal Financial Group Inc. boosted its position in Take-Two Interactive Software by 5.9% in the 3rd quarter. Principal Financial Group Inc. now owns 189,496 shares of the company's stock valued at $29,127,000 after buying an additional 10,491 shares during the period. Finally, Versor Investments LP bought a new position in Take-Two Interactive Software in the 3rd quarter worth about $605,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Up 1.7 %

The stock's 50-day moving average price is $160.14 and its 200 day moving average price is $155.72. 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 firm has a market capitalization of $32.67 billion, a PE ratio of -8.79, a price-to-earnings-growth ratio of 5.35 and a beta of 0.85.

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.