Take-Two Interactive Software (NASDAQ:TTWO) Price Target Cut to $210.00 by Analysts at Morgan Stanley

Take-Two Interactive Software (NASDAQ:TTWO) had its price target decreased by Morgan Stanley from $215.00 to $210.00 in a research report released on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on TTWO. Raymond James reissued an “outperform” rating and issued a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Oppenheimer lifted their price objective on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their target price for the stock from $175.00 to $230.00 in a report on Monday, January 27th. Wedbush reissued an “outperform” rating and set a $215.00 price target on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.86.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $212.77 on Thursday. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $220.93. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a market cap of $37.55 billion, a P/E ratio of -9.98, a PEG ratio of 6.83 and a beta of 1.01. The company’s 50-day simple moving average is $208.77 and its 200 day simple moving average is $188.42.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently modified their holdings of TTWO. Chicago Capital LLC lifted its holdings in Take-Two Interactive Software by 74.9% in the first quarter. Chicago Capital LLC now owns 6,337 shares of the company’s stock valued at $1,313,000 after buying an additional 2,713 shares during the period. QRG Capital Management Inc. raised its position in shares of Take-Two Interactive Software by 11.7% during the 1st quarter. QRG Capital Management Inc. now owns 21,614 shares of the company’s stock valued at $4,480,000 after acquiring an additional 2,261 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $284,000. Adero Partners LLC boosted its position in shares of Take-Two Interactive Software by 2.9% in the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock worth $370,000 after purchasing an additional 51 shares during the last quarter. Finally, Conway Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the first quarter worth $297,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.