Take-Two Interactive Software (NASDAQ:TTWO) Sets New 1-Year High – Time to Buy?

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $244.40 and last traded at $244.69, with a volume of 316599 shares changing hands. The stock had previously closed at $241.59.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several recent analyst reports. Ascendiant Capital Markets boosted their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Raymond James Financial restated an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. DA Davidson boosted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 16th. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.10.

Take-Two Interactive Software Trading Up 0.8%

The company has a market cap of $43.20 billion, a PE ratio of -9.59, a P/E/G ratio of 5.81 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average is $227.61 and its 200-day moving average is $208.01.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the sale, the insider now directly owns 152,271 shares in the company, valued at $34,294,474.62. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Karl Slatoff sold 216,661 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the transaction, the president now directly owns 1,206,427 shares of the company’s stock, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 460,378 shares of company stock worth $103,915,994. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $29,000. Park Square Financial Group LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter worth $28,000. Game Plan Financial Advisors LLC acquired a new stake in Take-Two Interactive Software during the 1st quarter worth $31,000. North Capital Inc. purchased a new position in Take-Two Interactive Software during the 1st quarter worth $35,000. Finally, Assetmark Inc. boosted its holdings in shares of Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after acquiring an additional 106 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software

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.