Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 52-Week High - Here's Why

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $180.92 and last traded at $180.75, with a volume of 60272 shares changing hands. The stock had previously closed at $180.55.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. HSBC raised Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective on the stock in a research note on Monday, August 12th. BMO Capital Markets increased their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Benchmark increased their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average target price of $188.05.

Take-Two Interactive Software Trading Up 0.7 %

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 firm has a 50 day moving average price of $157.60 and a two-hundred day moving average price of $154.37.

Insider Activity

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 value of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company's stock, valued at $1,736,515.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now directly owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 191 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of Take-Two Interactive Software by 169.7% in the first quarter. QRG Capital Management Inc. now owns 14,425 shares of the company's stock worth $2,142,000 after buying an additional 9,076 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Take-Two Interactive Software by 103.7% in the first quarter. Russell Investments Group Ltd. now owns 45,316 shares of the company's stock worth $6,718,000 after buying an additional 23,072 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Take-Two Interactive Software by 22.5% in the first quarter. ProShare Advisors LLC now owns 187,532 shares of the company's stock worth $27,847,000 after buying an additional 34,471 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Take-Two Interactive Software by 4.6% in the first quarter. TD Asset Management Inc now owns 517,911 shares of the company's stock worth $76,905,000 after buying an additional 22,734 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Take-Two Interactive Software by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 191,583 shares of the company's stock worth $28,448,000 after buying an additional 634 shares during the last quarter. 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.