Bank of America Corporation Raises Take-Two Interactive Software, Inc. (TTWO) Price Target to $127.00
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price objective increased by Bank of America Corporation from $106.00 to $127.00 in a research note issued to investors on Wednesday morning. The firm currently has a buy rating on the stock.
A number of other brokerages also recently commented on TTWO. Benchmark Co. restated a buy rating and issued a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Piper Jaffray Companies restated a buy rating and issued a $125.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday. Credit Suisse Group reaffirmed a neutral rating and issued a $116.00 price target (up previously from $95.00) on shares of Take-Two Interactive Software in a research report on Wednesday. Stifel Nicolaus reaffirmed a buy rating and issued a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, Buckingham Research upped their price target on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a buy rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Take-Two Interactive Software currently has a consensus rating of Buy and an average target price of $110.15.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up $0.52 during mid-day trading on Wednesday, reaching $115.68. 2,089,700 shares of the company’s stock were exchanged, compared to its average volume of 1,881,745. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.43. The company has a market cap of $13,134.36, a P/E ratio of 44.98, a P/E/G ratio of 4.89 and a beta of 0.82. Take-Two Interactive Software has a twelve month low of $46.05 and a twelve month high of $120.62.
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In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the transaction, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.55% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dupont Capital Management Corp purchased a new position in shares of Take-Two Interactive Software in the third quarter worth $102,000. Smithfield Trust Co. purchased a new position in shares of Take-Two Interactive Software in the second quarter worth $125,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Take-Two Interactive Software by 1,088.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock worth $175,000 after buying an additional 1,568 shares during the last quarter. Crow Point Partners LLC raised its holdings in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after buying an additional 689 shares during the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software in the second quarter worth $134,000. 97.39% of the stock is owned by institutional investors and hedge funds.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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