Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price target upped by investment analysts at Morgan Stanley from $185.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 12.49% from the stock's previous close.

Several other equities analysts have also commented on the company. UBS Group upped their target price on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday. Stifel Nicolaus upped their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. HSBC raised Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price target on the stock in a report on Monday, August 12th. Finally, Bank of America reissued a "buy" rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.40.

Take-Two Interactive Software Stock Up 6.7 %

Shares of TTWO stock traded up $11.17 during trading hours on Thursday, reaching $177.79. The company had a trading volume of 2,071,947 shares, compared to its average volume of 1,606,403. The stock's fifty day simple moving average is $156.06 and its 200 day simple moving average is $153.26. The company has a market capitalization of $31.16 billion, a P/E ratio of -7.98, a price-to-earnings-growth ratio of 4.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $178.86.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, sell-side analysts expect that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TTWO. ORG Partners LLC boosted its holdings in Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company's stock worth $25,000 after acquiring an additional 166 shares in the last quarter. Crewe Advisors LLC boosted its stake in Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company's stock valued at $30,000 after purchasing an additional 143 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company's stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Blue Trust Inc. raised its position in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company's stock valued at $36,000 after buying an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

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.

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