Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $200.00 at Morgan Stanley

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective upped by research analysts at Morgan Stanley from $185.00 to $200.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 12.49% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on TTWO. Roth Mkm raised their target price on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark upped their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $188.40.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded up $11.17 on Thursday, reaching $177.79. 2,071,947 shares of the company’s stock were exchanged, compared to its average volume of 1,606,403. The firm has a market cap of $31.16 billion, a price-to-earnings ratio of -7.98, a P/E/G ratio of 4.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a fifty day simple moving average of $156.06 and a 200-day simple moving average of $153.26. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $178.86.

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

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This trade 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 this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC raised its holdings in shares of Take-Two Interactive Software by 5,533.3% during 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 during the last quarter. Crewe Advisors LLC grew its position in Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. raised its stake in Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the period. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter worth $37,000. 95.46% of the stock is currently owned by institutional investors.

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.