Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by Robert W. Baird from $172.00 to $181.00 in a research note issued to investors on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

TTWO has been the subject of several other research reports. Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. 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. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, UBS Group lifted their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $177.90 on Thursday. The firm has a 50-day moving average of $156.75 and a 200-day moving average of $153.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $31.18 billion, a PE ratio of -8.41, a P/E/G ratio of 5.09 and a beta of 0.85. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $180.53.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, sell-side analysts anticipate that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC increased its position in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the period. Crewe Advisors LLC increased 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 valued at $30,000 after acquiring an additional 143 shares during the period. UMB Bank n.a. increased its position in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. HHM Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $37,000. Finally, Blue Trust Inc. increased its position in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.