Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 52-Week High - Still a Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $192.50 and last traded at $191.28, with a volume of 176090 shares changing hands. The stock had previously closed at $190.09.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen boosted their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Citigroup boosted their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, UBS Group upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and upped their price objective for the company from $175.00 to $230.00 in a research report on Monday. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $203.47.

Take-Two Interactive Software Stock Down 3.0 %

The stock's fifty day moving average price is $185.71 and its 200-day moving average price is $167.17. 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 market capitalization of $32.58 billion, a price-to-earnings ratio of -8.77, a P/E/G ratio of 5.90 and a beta of 0.89.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now owns 9,692 shares in the company, 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. Company insiders own 1.45% of the company's stock.

Institutional Trading of Take-Two Interactive Software

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Take-Two Interactive Software by 8.8% during 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 last quarter. Massachusetts Financial Services Co. MA grew its holdings in Take-Two Interactive Software by 13.7% during the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Take-Two Interactive Software by 10.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company's stock worth $651,817,000 after buying an additional 417,325 shares during the last quarter. Geode Capital Management LLC raised its stake in Take-Two Interactive Software by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company's stock valued at $614,511,000 after buying an additional 134,767 shares during the period. Finally, Ninety One UK Ltd lifted its position in shares of Take-Two Interactive Software by 1.4% in the fourth quarter. Ninety One UK Ltd now owns 1,522,111 shares of the company's stock valued at $280,190,000 after buying an additional 21,470 shares during the last quarter. Institutional investors and hedge funds 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.