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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $292.8824.

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Bank of America increased their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets lifted their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the sale, the insider owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 570,015 shares of company stock worth $128,432,857 over the last ninety days. Company insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. AQR Capital Management LLC raised its stake in Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the period. Amundi grew its position in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after purchasing an additional 688,133 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Take-Two Interactive Software by 53.1% in the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after acquiring an additional 505,000 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $254.99 on Monday. The stock has a market cap of $47.34 billion, a PE ratio of -157.40, a P/E/G ratio of 4.99 and a beta of 0.96. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $227.54 and its 200-day moving average price is $222.89. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $264.79.

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.