Take-Two Interactive Software (NASDAQ:TTWO) Shares Up 3.3% on Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was up 3.3% during mid-day trading on Monday after UBS Group raised their price target on the stock from $230.00 to $275.00. UBS Group currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $233.30 and last traded at $234.17. Approximately 416,917 shares traded hands during trading, a decline of 76% from the average daily volume of 1,702,645 shares. The stock had previously closed at $226.74.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley dropped their price target on shares of Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Wedbush reissued an “outperform” rating and set a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday. Robert W. Baird lifted their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Oppenheimer upped their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.48.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the company. Moody Lynn & Lieberson LLC raised its position in shares of Take-Two Interactive Software by 0.9% during the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company’s stock worth $1,050,000 after acquiring an additional 45 shares during the last quarter. Brooklyn Investment Group grew its holdings in Take-Two Interactive Software by 8.1% during the 1st quarter. Brooklyn Investment Group now owns 669 shares of the company’s stock worth $139,000 after acquiring an additional 50 shares during the period. Adero Partners LLC raised its position in shares of Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock valued at $370,000 after acquiring an additional 51 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Take-Two Interactive Software by 24.2% in the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock valued at $51,000 after purchasing an additional 54 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Take-Two Interactive Software by 0.3% in the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock worth $3,157,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50-day moving average price of $214.89 and a 200-day moving average price of $198.86. The firm has a market capitalization of $41.24 billion, a P/E ratio of -10.99, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08.

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.