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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) reached a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $176.00 to $211.00. TD Cowen currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $189.71 and last traded at $189.71, with a volume of 1167 shares. The stock had previously closed at $188.15.

A number of other equities analysts have also commented on the stock. Oppenheimer raised 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. Hsbc Global Res upgraded Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. HSBC upgraded Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 target price for the company in a report on Monday, August 12th. Redburn Atlantic began coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a "buy" rating and a $194.00 price target on the stock. Finally, Bank of America reaffirmed a "buy" rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $191.75.

Insider Transactions at Take-Two Interactive Software

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 sale, the director now directly owns 9,692 shares of the company's stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.45% of the company's stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Itau Unibanco Holding S.A. purchased a new position in shares of Take-Two Interactive Software in the third quarter worth about $27,000. Crewe Advisors LLC increased its holdings in Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company's stock worth $30,000 after buying an additional 143 shares during the period. UMB Bank n.a. raised its position in Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company's stock worth $31,000 after buying an additional 121 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Take-Two Interactive Software during the 3rd quarter valued at approximately $31,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

The firm has a market capitalization of $32.95 billion, a PE ratio of -8.92, a P/E/G ratio of 5.67 and a beta of 0.85. The firm's fifty day moving average price is $162.18 and its 200 day moving average price is $156.55. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

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.