Take-Two Interactive Software (NASDAQ:TTWO) Hits New 52-Week High - Time to Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $216.52 and last traded at $216.31, with a volume of 2001273 shares traded. The stock had previously closed at $208.76.

Analysts Set New Price Targets

TTWO has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Raymond James reissued an "outperform" rating and issued a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Wedbush reissued an "outperform" rating and issued a $215.00 target price on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, Benchmark reissued a "buy" rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $210.55.

Take-Two Interactive Software Stock Down 1.7 %

The stock has a market capitalization of $37.36 billion, a P/E ratio of -9.92, a PEG ratio of 6.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The stock's fifty day moving average is $190.12 and its two-hundred day moving average is $172.39.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares of the company's stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Wealthfront Advisers LLC boosted its stake in Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares during the period. Norges Bank acquired a new position in Take-Two Interactive Software in the 4th quarter worth approximately $495,086,000. State Street Corp boosted its stake in Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company's stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock worth $828,994,000 after purchasing an additional 648,982 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Take-Two Interactive Software in the 4th quarter worth approximately $115,133,000. Institutional investors and hedge funds own 95.46% of the company's stock.

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.