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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $220.37 and last traded at $219.05, with a volume of 85129 shares. The stock had previously closed at $217.95.

Analyst Ratings Changes

Several research firms have recently weighed in on TTWO. The Goldman Sachs Group upped their price target on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a report on Friday, February 7th. Moffett Nathanson increased their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Benchmark restated a "buy" rating and issued a $225.00 price target (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. BMO Capital Markets reiterated an "outperform" rating and set a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Finally, Raymond James restated an "outperform" rating and issued a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $213.38.

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Take-Two Interactive Software Stock Performance

The company has a market cap of $37.15 billion, a P/E ratio of -9.87, a price-to-earnings-growth ratio of 6.83 and a beta of 0.82. The stock has a 50 day moving average price of $203.24 and a two-hundred day moving average price of $182.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of large investors have recently bought and sold shares of TTWO. Park Square Financial Group LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth about $28,000. Itau Unibanco Holding S.A. bought a new position in Take-Two Interactive Software during the 3rd quarter valued at $27,000. Assetmark Inc. lifted its position in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after buying an additional 106 shares in the last quarter. Versant Capital Management Inc increased its holdings in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company's stock worth $34,000 after buying an additional 87 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $50,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.