Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $283.9412.

A number of equities research analysts have recently weighed in on TTWO shares. UBS Group lifted their target price on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a report on Tuesday, February 10th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th.

Insider Activity

In related news, Director Michael Sheresky sold 155 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director directly owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $200.00, for a total transaction of $82,600.00. Following the completion of the transaction, the director directly owned 2,286 shares of the company’s stock, valued at $457,200. This represents a 15.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 982 shares of company stock valued at $214,412 in the last ninety days. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Take-Two Interactive Software in the first quarter worth about $425,000. Empowered Funds LLC boosted its holdings in shares of Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Take-Two Interactive Software by 48.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 268 shares of the company’s stock valued at $65,000 after buying an additional 87 shares during the period. Finally, Sage Mountain Advisors LLC lifted its position in Take-Two Interactive Software by 13.2% in the second quarter. Sage Mountain Advisors LLC now owns 1,108 shares of the company’s stock worth $269,000 after buying an additional 129 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $211.48 on Tuesday. The company has a fifty day moving average of $229.58 and a 200-day moving average of $240.24. Take-Two Interactive Software has a 52-week low of $188.56 and a 52-week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $39.16 billion, a P/E ratio of -9.45, a P/E/G ratio of 8.66 and a beta of 0.92.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.