Take-Two Interactive Software (NASDAQ:TTWO) Sets New 12-Month High - Time to Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $192.14 and last traded at $191.73, with a volume of 108449 shares changing hands. The stock had previously closed at $188.75.

Analysts Set New Price Targets

A number of research firms have recently commented on TTWO. Citigroup raised their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. BMO Capital Markets reissued an "outperform" rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Wedbush reiterated an "outperform" rating and set a $190.00 target price on shares of Take-Two Interactive Software in a report on Monday, December 9th. Finally, The Goldman Sachs Group upped their price target 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. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $197.58.

Take-Two Interactive Software Stock Up 0.1 %

The company has a market cap of $33.19 billion, a P/E ratio of -8.93, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $182.17 and a 200 day moving average of $163.29.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % 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. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction 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 position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in Take-Two Interactive Software by 2.1% during the 2nd quarter. Victory Capital Management Inc. now owns 329,882 shares of the company's stock valued at $51,293,000 after buying an additional 6,631 shares in the last quarter. Private Advisor Group LLC increased its position in Take-Two Interactive Software by 45.2% in the second quarter. Private Advisor Group LLC now owns 3,575 shares of the company's stock worth $556,000 after purchasing an additional 1,113 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Take-Two Interactive Software during the second quarter valued at $817,000. Certuity LLC bought a new position in Take-Two Interactive Software during the second quarter valued at $406,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter worth $374,000. Hedge funds and other institutional investors 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.