Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $288.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by Wells Fargo & Company from $277.00 to $288.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

TTWO has been the topic of several other research reports. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research note on Monday, December 1st. UBS Group lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. B. Riley started coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.86.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $250.71 on Thursday. The firm has a market capitalization of $46.33 billion, a PE ratio of -11.10, a price-to-earnings-growth ratio of 4.00 and a beta of 0.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. Take-Two Interactive Software has a 12-month low of $177.35 and a 12-month high of $264.79. The firm has a 50-day moving average price of $246.50 and a 200 day moving average price of $243.49.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned ($2.08) earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Research analysts anticipate that Take-Two Interactive Software will post 0.97 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the transaction, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. This represents a 13.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,007 shares of company stock worth $247,095 over the last three months. 1.34% of the stock is owned by insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Blue Trust Inc. raised its stake in shares of Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after buying an additional 53 shares during the last quarter. ORG Partners LLC lifted its holdings in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 59 shares during the period. Pinnacle Bancorp Inc. bought a new position in Take-Two Interactive Software in the third quarter valued at approximately $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $27,000. 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.