Take-Two Interactive Software (NASDAQ:TTWO) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO - Free Report) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $215.00 target price on the stock.

Several other research firms have also weighed in on TTWO. Roth Mkm upped 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. Stifel Nicolaus upped their price target on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. UBS Group raised Take-Two Interactive Software from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $175.00 to $230.00 in a research report on Monday, January 27th. Citigroup upped their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Raymond James reaffirmed an "outperform" rating and set a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

Take-Two Interactive Software Stock Down 1.2 %

NASDAQ:TTWO traded down $2.57 on Friday, hitting $209.94. 1,783,187 shares of the company's stock traded hands, compared to its average volume of 1,878,570. The firm has a 50-day moving average price of $186.43 and a 200-day moving average price of $169.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a market cap of $36.87 billion, a PE ratio of -9.84, a price-to-earnings-growth ratio of 5.68 and a beta of 0.89. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $215.84.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction 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 transaction, the insider now owns 149,379 shares of the company's stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.45% of the company's stock.

Institutional Trading of Take-Two Interactive Software

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in shares of Take-Two Interactive Software by 12.8% in the second quarter. Cetera Investment Advisers now owns 14,987 shares of the company's stock valued at $2,330,000 after purchasing an additional 1,706 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $638,000. Czech National Bank lifted its holdings in shares of Take-Two Interactive Software by 9.7% during the 3rd quarter. Czech National Bank now owns 33,207 shares of the company's stock worth $5,104,000 after acquiring an additional 2,948 shares during the period. GAMMA Investing LLC boosted its position in shares of Take-Two Interactive Software by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,709 shares of the company's stock valued at $263,000 after acquiring an additional 92 shares in the last quarter. Finally, Mather Group LLC. increased its stake in Take-Two Interactive Software by 13.0% in the third quarter. Mather Group LLC. now owns 1,389 shares of the company's stock valued at $214,000 after acquiring an additional 160 shares during the period. 95.46% of the stock is currently 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.