Robert W. Baird Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $181.00

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its target price increased by Robert W. Baird from $172.00 to $181.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price target indicates a potential upside of 1.02% from the stock's previous close.

Several other brokerages have also commented on TTWO. Morgan Stanley raised their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, July 23rd. Bank of America reissued a "buy" rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. The Goldman Sachs Group raised their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday. Redburn Atlantic assumed coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a "buy" rating and a $194.00 price target on the stock. Finally, Wedbush reiterated an "outperform" rating and set a $190.00 price objective 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, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $188.05.

Take-Two Interactive Software Trading Up 7.5 %

Take-Two Interactive Software stock traded up $12.55 during mid-day trading on Thursday, reaching $179.17. 3,697,518 shares of the company traded hands, compared to its average volume of 1,614,247. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $180.53. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of -8.04, a P/E/G ratio of 4.98 and a beta of 0.85. The firm's 50 day moving average price is $156.43 and its 200 day moving average price is $153.44.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts anticipate that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company's stock, valued at $9,645,755.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.45% of the company's stock.

Institutional Trading of Take-Two Interactive Software

Several institutional investors have recently made changes to their positions in the business. Ninety One UK Ltd raised its position in shares of Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company's stock valued at $197,383,000 after buying an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 2,224.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company's stock valued at $160,440,000 after purchasing an additional 1,034,000 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company's stock valued at $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock worth $694,173,000 after buying an additional 666,198 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Take-Two Interactive Software by 1,780.1% during the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company's stock valued at $70,807,000 after buying an additional 436,150 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.