Oppenheimer Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $190.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective hoisted by investment analysts at Oppenheimer from $185.00 to $190.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 5.74% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on TTWO. Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. TD Cowen upped their price objective on shares of Take-Two Interactive Software from $173.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday. Benchmark upped their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.05.

Take-Two Interactive Software Trading Up 7.8 %

Shares of NASDAQ TTWO traded up $13.07 during trading on Thursday, hitting $179.69. 2,798,232 shares of the company traded hands, compared to its average volume of 1,608,053. The company has a 50-day moving average price of $156.06 and a 200-day moving average price of $153.26. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $180.53. The firm has a market capitalization of $31.50 billion, a P/E ratio of -8.07, a P/E/G ratio of 4.98 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts predict that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently bought and sold shares of the company. ORG Partners LLC increased its stake in Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Crewe Advisors LLC increased its stake in Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. increased its position in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Blue Trust Inc. increased its position in shares of Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the second quarter worth $37,000. Institutional investors 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.