Roth Mkm Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its target price hoisted by equities researchers at Roth Mkm from $182.00 to $208.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Roth Mkm's price target would indicate a potential upside of 11.82% from the stock's previous close.

Several other analysts have also commented on the stock. BMO Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group upped their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wedbush restated an "outperform" rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. HSBC upgraded Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price target for the company in a research report on Monday, August 12th. Finally, Oppenheimer increased their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.00.

Take-Two Interactive Software Stock Up 1.7 %

NASDAQ TTWO traded up $3.08 on Tuesday, reaching $186.01. The company had a trading volume of 1,535,477 shares, compared to its average volume of 1,609,153. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $186.30. 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 stock has a market capitalization of $32.67 billion, a P/E ratio of -8.79, a P/E/G ratio of 5.35 and a beta of 0.85. The company's fifty day moving average is $160.14 and its 200 day moving average is $155.72.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in shares of Take-Two Interactive Software by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company's stock worth $8,200,000 after buying an additional 4,456 shares during the last quarter. WCM Investment Management LLC raised its stake in Take-Two Interactive Software by 28.6% during the third quarter. WCM Investment Management LLC now owns 12,895 shares of the company's stock worth $1,974,000 after purchasing an additional 2,867 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Take-Two Interactive Software by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company's stock worth $61,928,000 after buying an additional 10,837 shares during the last quarter. Principal Financial Group Inc. increased its stake in Take-Two Interactive Software by 5.9% during the third quarter. Principal Financial Group Inc. now owns 189,496 shares of the company's stock worth $29,127,000 after acquiring an additional 10,491 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Take-Two Interactive Software during the third quarter valued at approximately $605,000. 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.