Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $195.00 to $225.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 23.69% from the stock's previous close.
A number of other equities analysts also recently issued reports on the company. Morgan Stanley raised their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group raised their target price on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Oppenheimer boosted 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 research report on Thursday, November 7th. BMO Capital Markets reiterated an "outperform" rating and issued a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Finally, Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a "buy" rating and a $194.00 price objective for the company. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.58.
Check Out Our Latest Report on TTWO
Take-Two Interactive Software Stock Performance
Shares of NASDAQ:TTWO traded down $4.03 during midday trading on Wednesday, hitting $181.90. The stock had a trading volume of 2,022,498 shares, compared to its average volume of 1,593,425. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $191.91. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $175.02 and a two-hundred day moving average price of $161.04. The company has a market capitalization of $31.95 billion, a PE ratio of -8.60, a P/E/G ratio of 5.76 and a beta of 0.89.
Insiders Place Their Bets
In related news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction on 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 owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. Blue Trust Inc. boosted its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company's stock valued at $36,000 after purchasing an additional 193 shares during the last quarter. Raymond James & Associates boosted its stake in Take-Two Interactive Software by 8.1% during the 2nd quarter. Raymond James & Associates now owns 142,961 shares of the company's stock valued at $22,229,000 after acquiring an additional 10,691 shares during the last quarter. Fifth Third Bancorp grew its holdings in Take-Two Interactive Software by 2.9% during the 2nd quarter. Fifth Third Bancorp now owns 19,225 shares of the company's stock worth $2,989,000 after acquiring an additional 535 shares in the last quarter. Everhart Financial Group Inc. bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $265,000. Finally, Family Firm Inc. acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 95.46% of the company's stock.
About Take-Two Interactive Software
(
Get Free Report)
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.
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