Take-Two Interactive Software (NASDAQ:TTWO) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $162.95 and traded as high as $189.18. Take-Two Interactive Software shares last traded at $188.75, with a volume of 1,452,559 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TTWO shares. Oppenheimer increased their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Morgan Stanley raised their target price on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Wedbush reaffirmed an "outperform" rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Roth Mkm raised their price objective on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Citigroup boosted their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.58.

Take-Two Interactive Software Price Performance

The stock has a market capitalization of $33.15 billion, a PE ratio of -8.92, a PEG ratio of 5.76 and a beta of 0.89. The company's 50 day simple moving average is $181.61 and its 200 day simple moving average is $163.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the company'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 transaction 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 represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. This trade 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth $31,000. Versant Capital Management Inc boosted its position in Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after buying an additional 87 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter valued at about $37,000. Finally, Catalyst Capital Advisors LLC increased its position in shares of Take-Two Interactive Software by 69.3% during the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock worth $43,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors 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.