Wells Fargo & Company Cuts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $293.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target lowered by Wells Fargo & Company from $295.00 to $293.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

TTWO has been the subject of several other research reports. B. Riley Financial began coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price objective for the company. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. UBS Group increased their target price on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.31.

Take-Two Interactive Software Stock Up 1.9%

Shares of TTWO stock opened at $202.13 on Monday. The firm has a fifty day moving average of $204.12 and a 200-day moving average of $233.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $264.79. The company has a market capitalization of $37.43 billion, a price-to-earnings ratio of -9.03, a P/E/G ratio of 2.98 and a beta of 0.96.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $12,779,350.98. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 413 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $209.36, for a total transaction of $86,465.68. Following the completion of the sale, the director owned 2,143 shares of the company’s stock, valued at $448,658.48. This trade represents a 16.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,293 shares of company stock worth $13,994,803 in the last three months. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the company. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth about $26,000. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Pinnacle Bancorp Inc. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth about $29,000. Finally, MV Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $34,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

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.